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View Full Version : Cost Accounting.


steety4ever312
Oct 2, 2011, 11:30 AM
The costs of goods sold in March 2010 for Targe Co. Was $2644100. March 31 Work In Process was 25% of the March 1 Work in Process inventory. Overhead was 225% of direct labor cost. During March, $1182000 of dirct material was purchased. Other march information: March 1; Direct Material 30000, Work in Process 90000, Finished goods 125000. March 31; Direct Material 42000, Work in process? Finished Goods 18400.

A. Prepare a schedule of the cost of goods sold for March.
B. Prepare the March cost of good manufactured schedule.
C. What was the amount of prime cost incurred in March.
D. What was the amount of conversion cost incurred in March.