The Following Information Has Come from Bill Lawrie Inc Required:
A

Essay

The following information has come from Bill Lawrie Inc.accounting records for 2018:
$\begin{array}{lr}\text { Direct materials: } & \\\quad \text { Beginning inventory } & \$ 40000 \\\quad \text { Purchases } & 123200 \\\quad \text { Ending inventory } & 20800 \\\text { Direct manufacturing labour } & 32000 \\\text { Manufacturing overhead } & 24000 \\\text { Beginuing work-in-process inventory } & 1600 \\\text { Ending work-in-process inventory } & 8000 \\\text { Beginuing finished goods inventory } & 48000 \\\text { Ending finished goods inventory } & 32000\end{array}$
Required:
a.What is the cost of direct materials used during 2018?
b.What is cost of goods manufactured for 2018?
c.What is cost of goods sold for 2018?
d.What amount of prime costs was added to production during 2018?
e.What amount of conversion costs was added to production during 2018?
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