Question: Given the information Total prime costs $30,000 Total conversion costs 30,000 Total manufacturing costs incurred 40,000 Total increase in work-in-process inventory 2,000 Required: 1. Compute

Given the information 

Total prime costs $30,000 

Total conversion costs 30,000 

Total manufacturing costs incurred 40,000 

Total increase in work-in-process inventory 2,000

Required:

1. Compute the cost of labor.

2. Compute the cost of direct materials.

3. Compute the cost of manufacturing overhead.

4. Compute the cost of goods manufactured.

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