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Al Shakir Company, Had the Following Activities During 2014

Question 34

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Al Shakir Company, had the following activities during 2014:
Al Shakir Company, had the following activities during 2014:   Required: a. What is the cost of direct materials used during 2014? b. What is cost of goods manufactured for 2014? c. What is cost of goods sold for 2014? d. What amount of prime costs was added to production during 2014? e. What amount of conversion costs was added to production during 2014?
Required:
a. What is the cost of direct materials used during 2014?
b. What is cost of goods manufactured for 2014?
c. What is cost of goods sold for 2014?
d. What amount of prime costs was added to production during 2014?
e. What amount of conversion costs was added to production during 2014?

Correct Answer:

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a. $20,000 + $61,600 - $10,400 = $71,200...

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