ab 2. Wk 2 Chapter 2 3 The following information comes from the accounting records for Chelsea, Inc., for May. 0.62 points Direct materials inventory, May 1 Direct materials inventory, May 311 $9,000 7,500 Work-in-process inventory, May 1 Work-in-process inventory, May 31 Finished goods inventory, May 1 4,500 3,000 27,000 Finished goods inventory, May 31 36,000 Direct materials purchased during May 120,000 eBook Direct labor costs, May 96,000 Manufacturing overhead, May 126,000 P 14 References Required: a. Compute the total prime costs for the month of May. b. Compute the total conversion costs for the month of May. c. Compute the total manufacturing costs for the month of May. d. Compute the cost of goods manufactured for the month of May. e. Compute the cost of goods sold for the month of May. esc F Total prime costs b. Total conversion costs C Total manufacturing costs d Cost of goods manufactured Cost of goods sold * F2 MacBook Air 80 44 11 F3 con 14 15 FA 97 FR @ 2 #3 3 $ 14 4 Q W 85 % 5