Questions 1, 2, and 3 are based on the following items (in millions) pertaining to the Chan Corporation

For Specific Date For Year 20X1

Work in process, January 1, 20X1 $15 Plant utilities $ 5

Direct materials, December 31, 20X1 5 Indirect manufacturing labor 20

Finished goods, December 31, 20X1 12 Depreciation - plant, building,

Accounts payable, December 31, 20X1 20 and equipment 9

Accounts receivable, January 1, 20X1 50 Revenues 350

Work in process, December 31, 20X1 2 Miscellaneous manufacturing

Finished goods, January 1, 20X1 40 overhead 10

Accounts payable, January 1, 20X1 40 customer-service costs 90

Direct materials, January 1, 20X1 30 Purchases of direct materials 85

Direct manufacturing labor 40

Plant supplies used 6

Property taxes on plant 1

General Administrative Expense 8

For the year ended December 31, 20X1, calculate Chans:

1. Prime Costs: ________________

2 Non-inventoriable Costs ________________

3. Gross Margin _______________