Touch of A Button Enterprises produces screens for use in various smartphones. The company reports the following information at December 31. Touch Of Upper A Button began operations on January 31 earlier that same year. Work in Process Finished Goods Wages Manufacturing Raw Materials Inventory Payable Overhead Inventory Inventory 6,500 43,000 26,500 126,000 57,500 33,000 70,000 70,000 126,000 115,000 60,000 10,000 43,000 41,500 Balance 0
Requirement 1.
What is the cost of direct materials used? The cost of direct materials used is:
Requirement 2. What is the cost of indirect materials used? The cost of indirect materials used is:
Requirement 3. What is the cost of direct labor?
The cost of direct labor is: