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

Question:

Arden Company reported the following costs and expenses for the most recent month:
Direct materials . . . . . . . . . . . . . . . . . . . . . . $ 80,000
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . $ 42,000
Manufacturing overhead . . . . . . . . . . . . . . . $ 19,000
Selling expenses . . . . . . . . . . . . . . . . . . . . . $ 22,000
Administrative expenses . . . . . . . . . . . . . . . $ 35,000

Required:
1. What is the total amount of product costs?
2. What is the total amount of period costs?
3. What is the total amount of conversion costs?
4. What is the total amount of prime costs?

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Managerial Accounting

ISBN: 978-0077522940

15th edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

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