15,000 S - Increase in raw materials inventory 35,000 Decrease in finished goods inventory 430,000 200.000 300,000 Raw materials purchased Direct manufacturing labor payroll Factory overhead Freight-out 45,000 There was no work in process inventory at the beginning or end of the year Required: Kay Company's cost of good sold in 2018. The following information pertains to Art Company's manufacturing operations 2. 3/31/19 3/1/19 Inventories S 30,000 36,000 18,000 54,000 Direct Materials 12.000 Work in process 72,000 Finised goods Additional information for the month of March 2019 S 84,000 Direct materials purchased 60,000 Direct mnufacturing labor payroll Direct manufacturing labor rate per hour Factory overhead rate per direct labor hour 7.50 10.00 Required: Compute: Prime cost Conversion cost b Cost of goods manufactured c. Birk Company uses a job order cost system. The following debits (credits) appeared in Birk Company's work in process account for the month of April 2019: 3 April Description Amount Balance S 4,000 24,000 16,000 12,800 (48,000) 30 Direct materials Direct manufacturing labor Factory overhead To finished goods 30 30 30 Birk Company applies overhead to production at a predetermined rate of 80% of direct manufacturing labor costs. Job No. 5, the only job still in process on April 30, 2019, has been charged with direct manufacturing labor of $2,000. Required: What was the amount of direct materiale charged to lob No 52 ee s8