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 $ 36,200 25,100 75,900 30,300 1,180 Utilities for factory 24,700 Cutting room supervisor's salary 30,700 President's salary 75,200 Premium quality cotton material 40,300 Buttons 755 Factory insurance 19,300 Depreciation on sewing machines. Wages paid to cutters 6,100 50,200 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. 1. Direct Materials Cost