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Marvel Manufacturing Inc. provides you with the following data for the month of June: Prime costs were $195,500, conversion costs were $140,700, and total manufacturing
Marvel Manufacturing Inc. provides you with the following data for the month of June:
Prime costs were $195,500, conversion costs were $140,700, and total manufacturing costs incurred were $268,000. Beginning and ending work in process inventories were equal. Selling and administrative costs were $238,000.
Compute the following:
What were the total costs of production?
What were the total period costs?
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