Prime costs = $195,000
Conversion Costs = $221,000
Direct Materials used = $85,000
Beginning Work-in-Process = $98,000
Ending Work-in-Process = $81,000
Direct labor used is calculated to be:
Question 7. Question : Tierney Construction, Inc. recently
lost a portion of its financial
records in an office theft. The following accounting
information
remained in the office files:
COGS = $80,000
Question 8. Question : The sum of units transferred out
and ending inventory units,
assuming no spoilage, determines:
Question 9. Question : The journal entry to record
finished product units would include a
debit to:
Question 10. Question : The journal entry required to
record factory depreciation includes:
Question 11. Question : Which one of the following is one
of the key steps in determining