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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 | $ | 151,000 |
Total manufacturing costs, April | 270,000 | |
Cost of goods manufactured, April | 269,000 | |
Cost of goods sold, April | 220,000 | |
Direct material inventory, April 30 | 15,300 | |
Work-in-process inventory, April 1 | 9,700 | |
Finished goods inventory, April 30 | 79,000 | |
Direct materials purchased, April | 82,000 | |
Direct labor costs, April | 57,000 | |
Required:
a. Compute the direct material used for the month of April.
Direct Material Used | ? |
b. Compute the direct material inventory as of April 1.
Direct Material Inventory | ? |
c. Compute the conversion cost for the month of April.
Conversion Cost | ? |
d. Compute the work-in-process inventory as of April 30.
Work-In-Process Inventory | ? |
e. Compute the manufacturing overhead for the month of April.
Manufacturing Overhead | ? |
f. Compute the finished goods inventory as of April 1.
Finished goods inventory | ? |
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