A. The following information was taken from the records of Tri Company:

Increase in Finished Goods $36, 500

Purchases 70, 000

Increase in work in process 18, 200

Direct labor 84, 875

Decrease in raw materials 9, 700

Work in process, beginning 64, 000

Total costs placed in process 310, 000

1. what is The amount of cost of goods sold? Show solution
2. what is The amount of applied factory overhead? Show solution

b. The following information pertains to barley Company's manufacturing operations:

Decrease in raw materials. 6, 000

Direct labor payroll 60, 000

Decrease in work in process 8, 000

Direct labor rate / hour 7.50

Increase in finished goods 18, 000

Factory overhead rate per hour 10

Purchases 84, 000

1. what is The amount of prime cost? show solution
2. what is The amount of conversion cost.? show solution