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You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in internal decision making and
You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in internal decision making and in reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Direct materials used Raw materials purchases Raw materials, ending $0 $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Indirect labor Work in Process & Finished Goods Inventories Work in Process Finished Goods $50,000 $54,000 $50,000 $40,000 Factory $43.000 Indirect labor Property taxes-Factory Repairs-Factory equipment Depreciation expense-Factory Work in Process & Finished Goods Inventories Work in Process Finished Goods $50,000 $40,000 Factory $43,000 utilities $30,000 $20,000 $10,000 $0 $33,000 $54,000 $50,000 Beginning Ending Beginning Ending Additional Data Accounts receivable, net $150,000 Cash $350,000 Direct labor $180,000 Property taxes-Factory Repairs-Factory $20,000 equipment $10,000 $0 Beginning Ending Beginning Ending Depreciation expense-Factory Additional Data Accounts receivable, net $150,000 Cash $350,000 Direct labor $180,000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 +ableau Compute the total (1) prime costs and (2) conversion costs
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