The following incomplete data are for Atlantic Pride Manufacturing:

........................January 1, 2012 ...............December 31, 2012

Direct materials ...............$40,000............................. $60,000

Work in process ................80,000.............................. 50,000

Finished goods .................56,000.............................. 70,000

Additional information for 2012:

Direct materials ................................................$200,000

Direct manufacturing labour payroll .........................160,000

Direct manufacturing labour rate per hour......................... 10

Factory overhead rate per direct manufacturing labour hour .....8

Instructions

Calculate the following manufacturing costs for 2012:

(a) Prime cost,

(b) Conversion cost,

(c) Cost of goods manufactured.