Evans Inc., had the following activities during 2015:

Required:
a. What is the cost of direct materials used during 2015?
b. What is cost of goods manufactured for 2015?
c. What is cost of goods sold for 2015?
Assume that Evans uses a two-part classification system for prime and conversion costs.
d. What amount of prime costs was added to production during 2015?
e. What amount of conversion costs was added to production during 2015?

Question

Evans Inc., had the following activities during 2015:

Required:
a. What is the cost of direct materials used during 2015?
b. What is cost of goods manufactured for 2015?
c. What is cost of goods sold for 2015?
Assume that Evans uses a two-part classification system for prime and conversion costs.
d. What amount of prime costs was added to production during 2015?
e. What amount of conversion costs was added to production during 2015?

Quizplus · Accepted Answer

The Answer of Evans Inc., had the following activities during 2015:

Required:
a. What is the cost of direct materials used during 2015?
b. What is cost of goods manufactured for 2015?
c. What is cost of goods sold for 2015?
Assume that Evans uses a two-part classification system for prime and conversion costs.
d. What amount of prime costs was added to production during 2015?
e. What amount of conversion costs was added to production during 2015?

Evans Inc., Had the Following Activities During 2015