Jackson Company. Jackson Company manufactures wood file cabinets.The following information is available for June of the current year.
Begining Ending

Raw material inventory $6,000 $7,500

Work in process inventory 17,300 11,700
Finished goods inventory 21,000 16,300
The direct labor rate is $9.60 per hour and overhead for the month was $9,600. Refer to Jackson Company.What are prime costs and conversion costs,respectively if there were 1,500 direct labor hours and $21,000 of raw material was purchased?

Question

Jackson Company. Jackson Company manufactures wood file cabinets.The following information is available for June of the current year.

	Begining	Ending
Raw material inventory	$6,000	$7,500
Work in process inventory	17,300	11,700
Finished goods inventory	21,000	16,300

The direct labor rate is $9.60 per hour and overhead for the month was $9,600. Refer to Jackson Company.What are prime costs and conversion costs,respectively if there were 1,500 direct labor hours and $21,000 of raw material was purchased?

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The Answer of Jackson Company. Jackson Company manufactures wood file cabinets.The following information is available for June of the current year.

	Begining	Ending
Raw material inventory	$6,000	$7,500
Work in process inventory	17,300	11,700
Finished goods inventory	21,000	16,300

The direct labor rate is $9.60 per hour and overhead for the month was $9,600. Refer to Jackson Company.What are prime costs and conversion costs,respectively if there were 1,500 direct labor hours and $21,000 of raw material was purchased?

Jackson Company. Jackson Company Manufactures Wood File Cabinets.The Following Information Is Available