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The following data have been taken from the accounting records of Larner Corporation for the year just completed: Raw materials inventory, beginning Sales Purchases of
The following data have been taken from the accounting records of Larner Corporation for the year just completed: Raw materials inventory, beginning Sales Purchases of raw materials Finished goods inventory, beginning Direct labour Administrative expenses Raw materials inventory, ending Work-in-process inventory, beginning Manufacturing overhead Work-in-process inventory, ending Selling expenses Finished goods inventory, ending What is the prime costs? $70,000 $3,000,000 $1,500,000 $98.000 $679,000 $790,000 $24.000 $56,000 $340,000 $73,000 $500,000 $37,000 O $1,019,000 and $1,546,000 $2,225,000 $2,565,000 $1,886,000
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