The controller at Bethune Chemicals asks for your help in sorting out some cost information. You receive the following sheet for the most recent year:

Cost of goods manufactured $ $936,000$

Cost of goods sold $757,400$

Direct labor costs $184,000$

Direct materials inventory, December $3155,000$

Direct materials purchased $263,200$

Finished goods inventory, December $31239,400$

Prime costs for the year $469,600$

Total manufacturing costs $944,400$

Work$-$in$-$process inventory, January $129,200$

Required:

Compute:

Direct materials used.

Direct materials inventory, January $1.$

Conversion costs.

Work$-$in$-$process inventory, December $31.$

Manufacturing overhead.

Finished goods inventory, January $1.$