Business, 25.01.2021 21:00 kamarionnatillman13

The following information comes from the accounting records for Chelsea, Inc., for May: Direct materials inventory, May 1 $ 18,100
Direct materials inventory, May 31 15,700
Work-in-process inventory, May 1 8,500
Work-in-process inventory, May 31 6,600
Finished goods inventory, May 1 54,200
Finished goods inventory, May 31 72,400
Direct materials purchased during May 84,900
Direct labor costs, May 59,000
Manufacturing overhead, May 79,700
Required:
a. Compute the total prime costs for the month of May.
b. Compute the total conversion costs for the month of May.
c. Compute the total manufacturing costs for the month of May.
d. Compute the cost of goods manufactured for the month of May.
e. Compute the cost of goods sold for the month of May.

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The following information comes from the accounting records for Chelsea, Inc., for May: Direct mate...

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