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Exercise 2-9 Cost Terminology for Manufacturers [LO2-2, LO2-3] Arden Company reported the following costs and expenses for the most recent month: Direct materials $ 89,000
Exercise 2-9 Cost Terminology for Manufacturers [LO2-2, LO2-3]
| Arden Company reported the following costs and expenses for the most recent month: |
| Direct materials | $ | 89,000 | |
| Direct labor | $ | 51,000 | |
| Manufacturing overhead | $ | 28,000 | |
| Selling expenses | $ | 31,000 | |
| Administrative expenses | $ | 44,000 | |
| 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? |
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