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 $ 36,400 24,000 75,800 30,400 1,180 24.eee 30, 400 76,900 40.ee 755 19,800 7,000 50, 500 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 Direct Materials Cost 2 Direct Labor Cost 3. Manufacturing Overhead Cost 4 Total Manufacturing Cost 5 Prime Cost 6 Conversion Cost 2 Total Period Cost