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The accountant at Roland Industries provides you with the following information for the first quarter: Direct labor costs Direct materials inventory, January 1 Direct materials
The accountant at Roland Industries provides you with the following information for the first quarter: Direct labor costs Direct materials inventory, January 1 Direct materials inventory, March 31 Direct materials purchased during the quarter Finished goods inventory, January 1 Finished goods inventory, March 31 Manufacturing overhead for the quarter Work-in-process inventory, January 1 Work-in-process inventory, March 31 Required: a. Compute the following. 1. Total prime costs 2. Total conversion costs 3. Total manufacturing costs 4. Cost of goods manufactured 5. Cost of goods sold $ 252,000 25,700 22, 100 321,500 66,000 85,400 343,000 16,700 13,900
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