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The following information comes from the accounting records for Santa Cruz, Inc., for March: Direct material inventory, March 1 $ 17,800 Direct material inventory, March
The following information comes from the accounting records for Santa Cruz, Inc., for March: |
Direct material inventory, March 1 | $ | 17,800 |
Direct material inventory, March 31 | 15,500 | |
Work-in-process inventory, March 1 | 9,400 | |
Work-in-process inventory, March 31 | 6,600 | |
Finished goods inventory, March 1 | 54,700 | |
Finished goods inventory, March 31 | 71,200 | |
Direct materials purchased during March | 83,900 | |
Direct labor costs, March | 60,900 | |
Manufacturing overhead, March | 79,700 | |
Required: | |
(a) | Compute Total prime costs for the month of March. (Omit the "$" sign in your response.) |
Total prime costs | $ |
(b) Compute Total conversion costs for the month of March. (Omit the "$" sign in your response.) |
Total conversion costs | $ |
(c) Compute Total manufacturing costs for the month of March. (Omit the "$" sign in your response.) |
Total manufacturing costs | $ |
(d) Compute Cost of goods manufactured for the month of March. (Omit the "$" sign in your response.) |
Cost of goods manufactured | $ |
(e) Compute Cost of goods sold for the month of March. (Omit the "$" sign in your response.) |
Cost of goods sold | $ |
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