Share
Explore BrainMass

Calculate prime costs; cost of goods manufactured for month

Please select the correct answer in the two exercises below and explain briefly how you calculated it.

1. The following costs were incurred in August:

Direct materials $21,800
Direct labor $19,100
Manufacturing overhead $19,400
Selling expenses $14,500
Administrative expenses $20,400

Prime costs during the month totaled:
a. $95,200
b. $60,300
c. $40,900
d.$21,800

2. Green Company's costs for the month of August were as follows: direct materials, $28,500; direct labor, $34,200; selling, $13,500; administrative, $12,000; and manufacturing overhead, $43,500. The beginning work in process inventory was $15,700 and the ending work in process inventory was $8,300. What was the cost of goods manufactured for the month?

a. $133,600
b. $106,200
c. $113,600
d. $139,600

Solution Preview

See attached file.

1. The following costs were incurred in August:

Direct materials $21,800
Direct labor $19,100
Manufacturing overhead $19,400
Selling expenses $14,500 ...

Solution Summary

The expert calculates the price costs and the cost of goods manufactured for a month is determined.

$2.19