Econo Company
in July, Econo Company Purchased Materials Costing $21,000

question 43

Multiple Choice

Econo Company
In July, Econo Company purchased materials costing $21,000 and incurred direct labour cost of $18,000. Manufacturing 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 Econo Company. What was the cost of goods sold for July?

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

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Definitions:

Isotonic

Type of solution that causes cells to neither shrink nor swell.

Isometric Contractions

Isometric contractions involve the muscle generating tension without changing its length, often used in strength training exercises.

Motor Units

A single motor neuron and all the muscle fibers it innervates, functioning as the basic functional unit in muscle contraction.

Muscle Twitches

Involuntary, fine movements of a small area of muscle, often caused by stress, fatigue, or mineral imbalances.