Essay
Evans Inc., had the following activities during 2012:
Required:
a. What is the cost of direct materials used during 2012?
b. What is cost of goods manufactured for 2012?
c. What is cost of goods sold for 2012?
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 2012?
e. What amount of conversion costs was added to production during 2012?
Correct Answer:
Verified
a. $40,000 + $123,200 -$20,800 = $142,40...View Answer
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Correct Answer:
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