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XYZ Company reports the following inventory data for the month of June. June 1 June 30 Direct materials $ 50.00 $ 80.00 Work in process

XYZ Company reports the following inventory data for the month of June.

June 1

June 30

Direct materials

$ 50.00

$ 80.00

Work in process

$140.00

$180.00

Finished goods

$240.00

$250.00

Direct materials purchased

$140.00

Indirect costs of production

$180.00

Direct costs of production

$220.00

Selling and administrative costs

$210.00

Answer the following questions about XYZ Company for the month of June: a) What was the total manufacturing cost (product cost) incurred in June? $

b) What was the cost of direct materials used in production in June? $ c) What was the direct labour cost in June? $ d) What was the total manufacturing overhead costs in June? e) What was the fixed manufacturing overhead cost in June? $ f) What was the cost of goods manufactured in June? $ g) What was the cost of goods sold in June? $ h) What were the prime costs in June? $ i) What were the conversion costs in June? $ j) What were the period costs in June? $ k) If the sales revenue in June was $950, what was XYZ's operating income before taxes? $

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