What maritz company conversion cost for june was

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Reference no: EM132667133

Data about Maritz Company's production and inventories for the month of June are as follows:

Purchases - Direct materials P143,440

Freight-in P5,000

Purchase returns and allowances P2,440

Direct labor P175,000

Actual factory overhead P120,000

Inventories:

Finished goods P68,000 P56,000

Work in Process P110,000 P135,000

Direct materials P52,000 P44,000

Maritz Company applies factory overhead to production at 80% of direct labor cost. Over or under applied overhead is closed to cost of goods sold at year-end. The company's accounting period is on the calendar year basis.

Problem 1: Maritz Company's prime cost for June was _________.

Problem 2: Maritz Company's conversion cost for June was ________.

Problem 3: For the month of June, Maritz Company's total manufacturing cost was _______.

Problem 4: For June, Maritz Company's cost of goods transferred to the finished goods inventory account was

Reference no: EM132667133

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