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The Foxboro Manufacturing Company Provided You with the Following Information

Question 108

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The Foxboro Manufacturing Company provided you with the following information for the fiscal year ended December 31.
 Work-in-process irventory, 12/31 57,900 Finished goods irventory, 1/1307,400 Direct labor costs incurred 1,004,300 Marnfacturing overhead costs 2,693,400 Direct materials irventory, 1/1250,800 Finished goods irventory, 12/31511,000 Direct materials purchased 1,750,200 Work-in-process irventory, 1/1101,000 Direct materials irventory, 12/31169,400\begin{array} { l r } \text { Work-in-process irventory, 12/31 } & 57,900 \\\text { Finished goods irventory, } 1 / 1 & 307,400 \\\text { Direct labor costs incurred } & 1,004,300 \\\text { Marnfacturing overhead costs } & 2,693,400 \\\text { Direct materials irventory, } 1 / 1 & 250,800 \\\text { Finished goods irventory, } 12 / 31 & 511,000 \\\text { Direct materials purchased } & 1,750,200 \\\text { Work-in-process irventory, } 1 / 1 & 101,000 \\\text { Direct materials irventory, } 12 / 31 & 169,400\end{array}
Required:
(a) Compute the total manufacturing costs incurred during the year.
(b) Compute the total work-in-process during the year.
(c) Compute the cost of goods manufactured during the year.
(d) Compute the cost of goods sold during the year.
(e) Compute the total prime costs for the year.
(f) Compute the total conversion costs for the year.

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(a) ($250,800 + 1,750,200 ? 169,400) + 1...

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