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What is the amount of prime cost added to production

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Question - Richardson & Sons purchased direct material worth $15 000 during the most recent period. At the end of the period the direct material account balance was $6 000 larger than the beginning balance. Cost of goods sold was $150 000. Overhead is applied at 50 per cent of direct labour cost. Other account balances are:

 

Beginning

Ending

Work in process

$75,000

$20,000

Finished goods

$110,000

$60,000

Required - What is the amount of prime cost added to production for the period?

Reference no: EM133166005

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