Evans Inc., had the following activities during 2018:
Direct materials: Required:
a.What is the cost of direct materials used during 2018?
b.What is cost of goods manufactured for 2018?
c.What is cost of goods sold for 2018?
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 2018?
e.What amount of conversion costs was added to production during 2018?

Question

Evans Inc., had the following activities during 2018:
Direct materials:  Required:
a.What is the cost of direct materials used during 2018?
b.What is cost of goods manufactured for 2018?
c.What is cost of goods sold for 2018?
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 2018?
e.What amount of conversion costs was added to production during 2018?

Quizplus · Accepted Answer

The Answer of Evans Inc., had the following activities during 2018:
Direct materials:  Required:
a.What is the cost of direct materials used during 2018?
b.What is cost of goods manufactured for 2018?
c.What is cost of goods sold for 2018?
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 2018?
e.What amount of conversion costs was added to production during 2018?

Evans Inc., Had the Following Activities During 2018