Marvel Manufacturing Inc. provides you with the following data for the month of June:
Prime costs were $195,000, conversion costs were $140,000, and total manufacturing costs incurred were $270,000.
Beginning and ending work in process inventories were equal. Selling and administrative costs were $200,000. Calculate the following:
(a) What were the total costs of direct material used, direct labour, and manufacturing overhead?
(b) What were the total costs of production?
(c) What were the total period costs?