Ending direct material is 20 larger than beginning direct

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Reference no: EM13592318

Information about Cari Enterprise for the month ending December 31, 2012 is as follows:

Sale $300000
Selling and administrative expense 18000
Net income 8000
Beginning inventories:
Direct material :20000
Work in process:18000
Finish goods: 62000

Ending direct material is 20% larger than beginning direct material. Ending work in process is half of the beginning work in process. Ending finished goods increased by $8000 during the year. Prime cost and conversion cost are 80% and 70% of total manufacturing cost added, respectively.

a. prepare a statement of cost of goods manufacturing for December

b. prepare an income statement for December

c. Determine prime and conversion cost

Reference no: EM13592318

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