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Raw materials beg - $60,000 raw materials purchased - $140,000 Raw materials ending - $64,000 Rent expense factory - $45,000 Factory supplies used - $14,000
Raw materials beg - $60,000
raw materials purchased - $140,000
Raw materials ending - $64,000
Rent expense factory - $45,000
Factory supplies used - $14,000
Factory utilities - $9500
Repairs expense factory - $11500
INdirect labor - $38000
Sales - $1,000,000
General and admin expense - $103500
Selling expense - $75000
Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials used Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Work in Process Finished Goods Rent expense - Factory $50,000 54,000 50,000 $40,000 43,000 Repairs expense - Factory $30,000 33,000 Factory supplies used (indirect materials) Factory utilities $20,000 $10,000 $0 Beginning Ending Beginning Ending Indirect labor Additional Data Accounts receivable, net $150,000 Cash $350,000 Direct labor $180,000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 Compute the total prime costs. Direct materials Direct labor Raw materials available for use 0 Direct materials used 0 Total prime costs $ 0 Compute the total conversion costs. Factory overhead 0 Total factory overhead Total conversion costs $ 0
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