Sales Direct labor cost Raw material purchases Selling expense Administrative expenses 875,000 165,000 129,000 48,750 146,250 Manufacturing overhead applied to work in process 180,000 Inventories: Beginning Ending Raw materials 18,000 15,000 Work in process Finished goods 20,000 15,000 9,000 11,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Calculate the following:

1. Raw materials used

2. Prime cost

3. Conversion cost

Sales
Direct labor cost
Raw material purchases
Selling expense
Administrative expenses
875,000
165,000
129,000
48,750
146,250
Manufacturing overhead applied to work in process
180,000
Inventories:
Beginning
Ending
Raw materials
18,000
15,000
Work in process
20,000
15,000
Finished goods
9,000
11,000
Transcribed Image Text:Sales Direct labor cost Raw material purchases Selling expense Administrative expenses 875,000 165,000 129,000 48,750 146,250 Manufacturing overhead applied to work in process 180,000 Inventories: Beginning Ending Raw materials 18,000 15,000 Work in process 20,000 15,000 Finished goods 9,000 11,000
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