E1-8 (Algo) Calculating Costs [LO 1-4) Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $ 36,900 24,700 76,300 30,300 1,110 24,500 30, 100 76,000 40,200 830 19,300 6,100 51,800 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute the cost of direct labor for Cotton White. 3. Compute the cost of manufacturing overhead for Cotton White. 4. Compute the total manufacturing cost for Cotton White. 5. Compute the prime cost for Cotton White. 6. Compute the conversion cost for Cotton White. 7. Compute the total period cost for Cotton White. Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute the cost of direct labor for Cotton White. 3. Compute the cost of manufacturing overhead for Cotton White. 4. Compute the total manufacturing cost for Cotton White. 5. Compute the prime cost for Cotton White. 6. Compute the conversion cost for Cotton White. 7. Compute the total period cost for Cotton White. Answer is complete but not entirely correct. 1. IS 2. $ 3. $ 4. Direct Materials Cost Direct Labor Cost Manufacturing Overhead Cost Total Manufacturing Cost Prime Cost Conversion Cost Total Period Cost $ 49,140 128,100 116,900 294,140 177,240 245,000 X 131,000 5. $ 6. $ 7. $