1. The cost of goods sold for the Immaculate Corporation for the month of April 2018 was $450,000. Work-in-process inventory at the end of April was 95 percent of the work-in-process inventory at the beginning of the month.

Overhead is 80 percent of the direct labor cost. During the month, $110,000 of direct materials were purchased. Revenues for Immaculate were $600,000, and the selling and administrative costs were $70,000.

Other information about Immaculate's inventories and production for April was as follows:

Ending inventories-April 30
Direct materials	$ 19,000
Work in process	?
Finished goods	105,000
Beginning inventories-April 1
Direct materials	$ 22,200
Work in process	40,000
Finished goods	208,500

Required:

a.	Prepare a cost of goods manufactured and cost of goods sold statements.
b.	What are the prime costs, conversion costs, and period costs?