Wyman Enterprises
Inventories: March 1 March 31
Raw material $18,000 $15,000

Work in process 9,000 6,000

Finished goods 27,000 36,000

Additional information for March:

Raw material purchased $42,000
Direct labor payroll $30,000

Direct labor rate per hour $ 7.50

Overhead rate per direct labor hour $ 10.00
Refer to Wyman Enterprises.For March,prime cost incurred was

Question

Wyman Enterprises

Inventories:	March 1	March 31
Raw material	$18,000	$15,000
Work in process	9,000	6,000
Finished goods	27,000	36,000
Additional information for March:
Raw material purchased	$42,000
Direct labor payroll	$30,000
Direct labor rate per hour	$ 7.50
Overhead rate per direct labor hour	$ 10.00

Refer to Wyman Enterprises.For March,prime cost incurred was

Quizplus · Accepted Answer

Prime cost = Raw material purchased + Direct labor payroll = $42,000 + $30,000 = $72,000