Homework Answers
Prime cost = 195,000
Direct materials + Direct Labor = 195,000
85,000 + Direct Labor = 195,000
Direct labor = 195,000 - 85,000 = 110,000
Conversion cost = Direct Labor + Overhead
225,000 = 110,000 + Overhead
Overhead = 225,000-110,000 = 115,000
Total manufacturing cost = Direct Materials + Direct Labor + Overhead
= 85,000 + 110,000 + 115,000
= 310,000
Cost of Goods manufactured = Beg wip + Total manufacturing cost - End wip
= 100,000+310,000-80,000
= 330,000
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