The following Information comes from the accounting records for Chelsea, Inc., for May. Direct materials inventory, May 1 Direct materials inventory, May 31 Work-in-process inventory, May 1 Work-in-process inventory, May 31 Finished goods inventory, May 1 $ 17,600 15,600 9,300 5,400 53,200 Finished goods inventory, May 31 71,800 Direct materials purchased during May 84,700 Direct labor costs, May 60,700 Manufacturing overhead, May 80,400 Required: a. Compute the total prime costs for the month of May. b. Compute the total conversion costs for the month of May. c. Compute the total manufacturing costs for the month of May. d. Compute the cost of goods manufactured for the month of May. e. Compute the cost of goods sold for the month of May. a. Total prime costs b. Total conversion costs C. Total manufacturing costs d. Cost of goods manufactured e. Cost of goods sold