Raw materials purchased $265,000

Direct labor 300,000

Actual factory overhead 198,000

Applied factory overhead 200,000

Inventories

Beginning Ending

Raw materials $50,000 $45,000

Work-in-process $75,000 $90,000

Finished goods $40,000 $25,000

1) Prime costs are?

2) Conversion costs are?

3) Cost of goods manufactured are?

4) Cost of goods sold (before closing overapplied overhead is?

5) Cost of goods sold (after closing overapplied overhead is?