Use the following information for the next 2 questions Prime Costs $ 10,000 Conversion Costs $ 20,000
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Use the following information for the next 2 questions Prime Costs $ 10,000 Conversion Costs $ 20,000 Direct Materials Purchased $ 50,000 Direct Materials Used $ 7,000 Change in finished goods inventory $30,000 increase Change in WIP $25,000 decrease.
1. Calculate the direct labour costs, and manufacturing overhead costs.
2. Calculate the cost of goods manufactured, cost of goods sold, and total manufacturing costs.
Related Book For
Managerial Accounting A Focus on Ethical Decision Making
ISBN: 978-0324663853
5th edition
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
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