Calculate Tyson Company prime costs

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Question - Tyson Company's accounting records indicated the following costs had been incurred during 2033:

Direct materials purchased $234,000

Actual overhead $141,000

Period costs $213,000

Applied overhead $189,000

Tyson Company's inventory accounts for 2033 were:

 

January 1

December 31

Direct materials

$74,000

$51,000

Work in process

$32,000

$86,000

Finished goods

$59,000

$63,000

Tyson Company reported conversion costs of $353,000 for 2033. Calculate Tyson Company's prime costs for 2033.

Reference no: EM133072283

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