Cost of direct materials, cost of goods manufactured, cost of goods sold bisby company manufactures fishing rods. at the beginning of july, the following information was supplied by its accountant: raw materials inventory $40,000 work-in-process inventory 21,000 finished goods inventory 23,200 during july, the direct labor cost was $43,500, raw materials purchases were $64,000, and the total overhead cost was $108,750. the inventories at the end of july were: raw materials inventory $19,800 work-in-process inventory 32,500 finished goods inventory 22,100 required:

1. what is the cost of the direct materials used in production during july? $
2. what is the cost of goods manufactured for july? $
3. what is the cost of goods sold for july?

1. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in ease of 2. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in external liability for business 3. a partnership is an association of two or more persons to carry on as co-owners a business for 4. any one partner may be held liable for the entire indebtedness of the 5. a limited partner is liable for the partnership debt only to the extent of her capital 6. a person may be a partner even though he has no authority to conduct the ordinary activities of the 7. a partner may withdraw his capital contribution without the consent of all the 8. when a partner sells his interest in the partnership, the buyer becomes a new 9.every partner owes a duty of good faith, fairness, and loyalty to the other 10. a partner who fails to use ordinary care and skill in discharging assigned duties will be personally liable to the partners for any resulting loss.