Reference no: EM132276496
Question - Star Wars Company has the following data on April 30, 2018:
April manufacturing overhead $30,101.80
Decrease in ending inventories:
Materials $2,430.00
Goods in Process $590.00
Increase in ending inventory:
Finished goods $1,320.00
The manufacturing overhead amounts to 50% of the direct labor, and the direct labor and manufacturing combined equal 50% of the total cost of manufacturing. All materials are purchased F.O.B shipping point.
Required:
1. How much is the conversion cost?
2. How much is the prime cost?
3. What is the cost of goods manufactured?
4. How much is the cost of goods sold?
5. How much are the total goods placed into process?
6. How much is the purchases for April?