The following incomplete data are for Atlantic Pride Manufacturing:

Additional information for 2016:
Direct materials ...................................................................... $200,000
Direct manufacturing labour payroll ................................................ 160,000
Direct manufacturing labour rate per hour ................................................ 10
Factory overhead rate per direct manufacturing labour hour ............................ 8
Instructions
Calculate the following manufacturing costs for 2016:
(a) Prime cost,
(b) Conversion cost, and
(c) Cost of goods manufactured.

Transcribed Image Text:

Direct materials Work in process Finished goods January 1, 2016 $40,000 80,000 56,000 December 31, 2016 $60,000 50,000 70,000