Arden Company reported the following costs and expenses for the most recent month: Direct materials Direct...

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Arden Company reported the following costs and expenses for the most recent month: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses Total product costs Required: 1. What is the total amount of product costs? $73,000 $35,000 $13,000 Total period costs $16,000 $28,000 2. What is the total amount of period costs? Total conversion costs 3. What is the total amount of conversion costs? 4. What is the total amount of prime costs? Arden Company reported the following costs and expenses for the most recent month: Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expenses Total product costs Required: 1. What is the total amount of product costs? $73,000 $35,000 $13,000 Total period costs $16,000 $28,000 2. What is the total amount of period costs? Total conversion costs 3. What is the total amount of conversion costs? 4. What is the total amount of prime costs?

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1 Product cost are the cost identified with goods produced It is the production or manufacturin... View the full answer