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please write steps too 1. (25 points) The following information pertains to Bonilla Company for June 2018: Beginning DM inventory Beginning FG inventory Beginning WIP
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1. (25 points) The following information pertains to Bonilla Company for June 2018: Beginning DM inventory Beginning FG inventory Beginning WIP inventory Direct labor Direct materials purchases Ending DM inventory Ending FG inventory Ending WIP inventory Factory OH - fixed Factory OH - variable Sales Selling and administrative expenses $10,000 20,000 30,000 150,000 120,000 15,000 22,000 36,000 80,000 50,000 600,000 70,000 Calculate the following assuming there are no income taxes: a. Direct materials used b. Cost of goods manufactured c. Cost of goods sold d. Net income e. Conversion costs f. Prime costsStep by Step Solution
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