Reference no: EM13160030
The following information comes from the accounting records for Santa Cruz, Inc., for March:
Direct material inventory, March 1 $ 6,000
Direct material inventory, March 31 5,000
Work-in-process inventory, March 1 3,000
Work-in-process inventory, March 31 2,000
Finished goods inventory, March 1 18,000
Finished goods inventory, March 31 24,000
Direct materials purchased during March 80,000
Direct labor costs, March 64,000
Manufacturing overhead, March 84,000
Required:
(a) Compute Total prime costs for the month of March.
(b) Compute Total conversion costs for the month of March.
(c) Compute Total manufacturing costs for the month of March.
(d) Compute Cost of goods manufactured for the month of March.
(e) Compute Cost of goods sold for the month of March.
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