In July, Econo Company Purchased Materials Costing $21,000 and Incurred

question 190

Multiple Choice

In July, Econo Company purchased materials costing $21,000 and incurred direct labour cost of $18,000. Overhead totalled $32,000 for the month. Information on inventories was as follows:
$\begin{array}{lrr} & \text { July 1 } & \text { July 31 } \\\text { Materials } & \$ 6,200 & \$ 7,100 \\\text { Work in process } & \$ 700 & \$ 1,200 \\\text { Finished goods } & \$ 3,300 & \$ 2,700\end{array}$
-Refer to the Figure.What was the cost of goods sold for July?

• A)$69,600
• B)$70,200
• C)$71,100
• D)$71,300

---

Definitions:

Blood PH

Refers to the measure of the acidity or alkalinity of blood, vital for maintaining homeostasis in the human body.

Renin

An enzyme produced by the kidneys that plays a key role in regulating blood pressure by controlling the conversion of angiotensinogen to angiotensin I.

Juxtamedullary Nephrons

Specialized nephrons in the kidneys that play a crucial role in concentrating urine and are located near the boundary of the cortex and medulla.

Cortical Nephrons

Nephrons located in the kidney's cortex, characterized by shorter loops of Henle, playing a key role in filtering blood and urine formation.