Question
Inventory balances for the Beemer Enterprises in April 2016 are as follows: April 1, 2016 April 30, 2016 Raw materials $27,000 $21,000 Work in process
- Inventory balances for the Beemer Enterprises in April 2016 are as follows:
| April 1, 2016 | April 30, 2016 | |
| Raw materials | $27,000 | $21,000 |
| Work in process | 48,000 | 37,200 |
| Finished goods | 108,000 | 90,000 |
During April, purchases of direct materials were $36,000. Direct labor and factory overhead costs were $60,000 and $84,000, respectively.
Please compute the prime costs for April: [PrimeCosts]
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Financial Accounting
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield
10th Edition
9780730363217
