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2. (3 POINTS) Riyadh computers had the following activities during 2020: Direct materials: Beginning inventory SAR 40,000 Purchases 90,000 Ending inventory 15,000 Direct manufacturing labor
2. (3 POINTS) Riyadh computers had the following activities during 2020: Direct materials: Beginning inventory SAR 40,000 Purchases 90,000 Ending inventory 15,000 Direct manufacturing labor 180,000 Manufacturing overhead 115,500 Beginning work-in-process inventory 10,000 Ending work-in-process inventory 30,500 Beginning finished goods inventory 75,000 Ending finished goods inventory 90,000 Required: What is the cost of direct materials used during 2020? b. What is cost of goods manufactured for 2020? What is cost of goods sold for 2020? d. What amount of prime costs was added to production during 2020? What amount of conversion costs was added to production during 2020? a. C. e
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