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U.S.Systems Inc. ,Had the Following Activities During 2018

Question 153

Essay

U.S.Systems Inc. ,had the following activities during 2018:
U.S.Systems Inc. ,had the following activities during 2018:     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?
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?

Correct Answer:

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a.Cost of direct materials = $24,000 + $...

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