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1. Information from the records of the Freya Corporation for the month of April 2019 is as follows: Direct materials inventory, beginning Direct materials inventory,
1. Information from the records of the Freya Corporation for the month of April 2019 is as follows: Direct materials inventory, beginning Direct materials inventory, ending Direct labor Direct material purchases Factory wages Finished goods inventory, beginning Finished goods inventory, ending Indirect materials Rent on factory building Sales Selling and administrative expenses Utilities in the factory WIP inventory, beginning WIP inventory, ending $25,000 28,000 45,000 58,000 18,000 25,000 22,000 11,000 23,000 220,000 21,000 12,000 7,000 15,000 Assume a tax rate of 30 percent. Required: a. Calculate direct materials used for April. Calculate cost of goods manufactured for April. Calculate gross profit for April. Calculate after-tax net income for April. Calculate prime costs for April. Calculate conversion costs for April
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