What is the cost of goods sold for the year

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Reference no: EM13170367

Evans Inc. had the following activities during the year.

Direct materials:

Beginning inventory $ 40,000

Purchases 123,200

Ending inventory 20,800

Direct manufacturing labor 32,000

Manufacturing overhead 24,000

Beginning work in process inventory 1,600

Ending work in process inventory 8,000

Beginning finished goods inventory 48,000

Ending finished goods inventory 32,000

1. What is the cost of direct materials used during the year

2. What is the cost of goods manufacturing for the year

3. What is the cost of goods sold for the year

4. What amount of prime costs was added to production during the year

5. What amount of conversion costs was added to production during the year

Reference no: EM13170367

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