Solution-Compute the total conversion costs for the month

Compute the total conversion costs for the month of may

Reference no: EM131728830

The following information comes from the accounting records for Chelsea, Inc., for May:


Direct materials inventory, May 1	$	17,800
Direct materials inventory, May 31		15,100
Work-in-process inventory, May 1		9,400
Work-in-process inventory, May 31		5,200
Finished goods inventory, May 1		54,400
Finished goods inventory, May 31		72,000
Direct materials purchased during May		83,900
Direct labor costs, May		60,300
Manufacturing overhead, May		81,000

Required:

a. Compute the total prime costs for the month of May.

b. Compute the total conversion costs for the month of May.

c. Compute the total manufacturing costs for the month of May.

d. Compute the cost of goods manufactured for the month of May.

e. Compute the cost of goods sold for the month of May.

Reference no: EM131728830

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Compute the total conversion costs for the month of may

Reference no: EM131728830

Reference no: EM131728830

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