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Arden Company reported the following costs and expenses for the most recent month: Direct materials $ 78,000 Direct labor $ 40,000 Manufacturing overhead $ 18,000
Arden Company reported the following costs and expenses for the most recent month: |
Direct materials | $ | 78,000 | |
Direct labor | $ | 40,000 | |
Manufacturing overhead | $ | 18,000 | |
Selling expenses | $ | 21,000 | |
Administrative expenses | $ | 33,000 | |
Required: |
1. | What is the total amount of product costs? |
2. | What is the total amount of period costs? |
3. | What is the total amount of conversion costs? |
4. | What is the total amount of prime costs? |
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