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The controller at Lawrence Components asks for your help in sorting out some cost information. She is called to a meeting, but hands you the
The controller at Lawrence Components asks for your help in sorting out some cost information. She is called to a meeting, but hands you the following information for April. Prime costs, April Total manufacturing costs, April Cost of goods manufactured, April Cost of goods sold, April Direct materials inventory, April 30 Work-in-process inventory, April 1 Finished goods inventory, April 30 Direct materials purchased, April Direct labor costs, April $ 155,000 271,000 261,000 213,000 15,300 9,500 73,000 77,000 52,000 Required: a. Compute the direct material used for the month of April. b. Compute the direct material inventory as of April 1. c. Compute the conversion cost for the month of April. d. Compute the work-in-process inventory as of April 30. e. Compute the manufacturing overhead for the month of April. f. Compute the finished goods inventory as of April 1. b. Direct material used Direct materials inventory Conversion cost Work-in-process inventory Manufacturing overhead Finished goods inventory
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