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Corporation has the following information for the month of March Cost of direct materials used in production $15610 29102 32340 18088 Direct labor Factory overhead Work in process inventory Marc

Corporation has the following information for the month of March: Cost of direct materials used in production $15,610 29,102 32,340 18,088 Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 21,214 22,218 27,401 a. Determine the cost of goods manufactured. b. Determine the cost of goods sold. Direct labor and direct materials are O a. product costs and expensed when incurred Ob. period costs and expensed when the goods are sold c. product costs and expensed when the goods are sold d. period costs and expensed when incurred Which of the following is not a prime cost? a. machine operator wages b. direct labor wages c. assembly line wages d. plant janitor's wages Compute conversion costs given the following data: Direct Materials, $388,500; Direct Labor, $204,700; Factory Overhead, $216,300 and Selling Expenses, $41,100. a. $604,800 b. $809,500 c. $175,200 d. 3421.000

 

Feb 13 2020 View more View Less

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