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Information from the Records of the Fisher Enterprises for the Month

Question 18

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Information from the records of the Fisher Enterprises for the month of March is as follows:
 Purchases of direct materials $54,000 Indirect labour 15,000 Direct labour 31,200 Depreciation on machinery 9,000 Sales 165,900 Selling and administrative expenses 18,900 Rent on factory building 21,000\begin{array}{lr}\text { Purchases of direct materials } & \$ 54,000 \\\text { Indirect labour } & 15,000 \\\text { Direct labour } & 31,200 \\\text { Depreciation on machinery } & 9,000 \\\text { Sales } & 165,900 \\\text { Selling and administrative expenses } & 18,900 \\\text { Rent on factory building } & 21,000\end{array}  Irventaries  March 1 March 31 Direct materials $24,000$26,100 Wark in pracess 6,3009,600 Finished goods 15,00017,100\begin{array} { l r r } && \underline { \text { Irventaries } } \\ &\underline { \text { March } 1 }& \underline {\text { March } 31} \\\text { Direct materials } &\$24,000&\$26,100\\\text { Wark in pracess } & 6,300 & 9,600 \\\text { Finished goods } & 15,000 & 17,100\end{array}
a.Prepare a statement of cost of goods manufactured for the month of March.
b.Prepare an income statement for the month of March.
c.Determine prime and conversion costs.

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a.
c.Prime costs = $...

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