1. Questions 1 - 6 are based on the following information:

   Dave's Awesome Rides manufactures mountain bikes. The following is a partial list of costs incurred in August 2019.

   Accounting personnel salaries $ 25,000

   Pedals for bicycles 7,000

   Rent for factory building 10,000

   Advertising in trade magazines 12,000

   Depreciation on the copy machine in the factory 2,500

   Wheels for bicycles 4,500

   Cleaning supplies for the factory 750

   Wages for personnel assembling the bicycles 36,000

   Annual sales conference tickets 9,000

   Depreciation on office furniture 3,000

   Factory supervisors salaries 19,000

   What is the total manufacturing overhead cost?____________

2. What is the total product cost (manufacturing cost)?______

3. What is the total period costs (non-manufacturing costs)?_______

4. What is the total direct materials cost?_________

5. What is the total direct labor cost?______

6. What is the total indirect labor cost?______

7. Dave's Awesome Rides has the following balances in finished goods inventory:

   Beginning balance August 1, 2019 $28,000

   Cost of bicycles sold 84,000

   Ending balance August 31, 2019 23,500

   What was the total cost of bicycles transferred from work in process inventory to finished goods inventory (the cost of goods manufactured)?