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Author Question: U.S. Systems Inc., had the following activities during 2018: Direct materials: Beginning inventory$ ... (Read 74 times)

penza

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U.S. Systems Inc., had the following activities during 2018:

 Direct materials:
Beginning inventory$ 24,000
Purchases61,600
Ending inventory11,000
Direct manufacturing labor18,000
Manufacturing overhead11,500
Beginning work-in-process inventory1,000
Ending work-in-process inventory3,500
Beginning finished goods inventory25,000
Ending finished goods inventory19,000

Required:
a.What is the cost of direct materials used during 2018?
b.What is cost of goods manufactured for 2018?
c.What is cost of goods sold for 2018?
d.What amount of prime costs was added to production during 2018?
e.What amount of conversion costs was added to production during 2018? 


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Marked as best answer by penza on Mar 6, 2021

mariahkathleeen

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penza

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Reply 2 on: Mar 6, 2021
Gracias!


Sarahjh

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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