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 $ 152,000 271,000 261,000 221,000 15,100 9,500 79,000 80,000 55,000 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. 1. 2. 3. 4. 5. Variable manufacturing cost per unit. Full cost per unit. Variable cost per unit. Full absorption cost per unit. Prime cost per unit. Conversion cost per unit. Profit margin per unit. Contribution margin per unit. Gross margin per unit. 6. 7. 8. 9. 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 $ 152,000 271,000 261,000 221,000 15,100 9,500 79,000 80,000 55,000 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. 1. 2. 3. 4. 5. Variable manufacturing cost per unit. Full cost per unit. Variable cost per unit. Full absorption cost per unit. Prime cost per unit. Conversion cost per unit. Profit margin per unit. Contribution margin per unit. Gross margin per unit. 6. 7. 8. 9