The following information pertains to Rio Enterprises for December 2017. Calculate A-F below assuming there are NO income taxes.

Factory Overhead: Indirect materials $25,000 Indirect labor 26,000 Utilities in factory building 42,000 Depreciation on factory building 40,000 Selling and administrative expenses $48,000 Sales revenue 500,000 Purchases of direct materials 125,000 Direct labor 140,000 Inventories December 1 December 31 Direct materials $30,000 $35,000 Work in process 40,000 38,000 Finished goods 25,000 28,000 Calculate the following assuming there are no income taxes: a. Direct materials used b. Cost of goods manufactured c. Cost of goods sold d. Net income e. Prime costs f. Conversion costs