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THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1 6. Quiz Company reported the following information for the month of July. Sales $550,000 Materials purchases 64,000

THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1 6. Quiz Company reported the following information for the month of July.

Sales $550,000

Materials purchases 64,000

Direct labor 43,500

Overhead 108,750

Selling costs 94,000

Administrative costs 183,500

Raw materials inventory, July 1 40,000

Work-in-process inventory, July 1 21,000

Finished goods inventory, July 1 23,200

Raw materials inventory, July 31 19,800

Work-in-process inventory, July 31 32,500

Finished goods inventory, July 31 22,100

2. Determine the cost of goods manufactured for the month ended July 31

3. Determine the cost of goods sold for the month ended July 31

5. Determine the prime cost for the month ended July 31

6. Determine the conversion cost for the month ended July 31

Give answer using dollar signs and commas but no decimal points (cents). Example: $12,345 QUESTION 6 1.

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