Business, 02.02.2022 15:10, pennstatealum

The following information comes from the accounting records for Chelsea, Inc., for May. Direct materials inventory, May 1$9,000Direct materials inventory, May 31 7,500Work-in-process inventory, May 1 4,500Work-in-process inventory, May 31 3,000Finished goods inventory, May 1 27,000Finished goods inventory, May 31 36,000Direct materials purchased during May 120,000Direct labor costs, May 96,000Manufacturing overhead, May 126,000 Required:a. Compute the total prime costs for the month of May. b. Compute the total conversion costs for the month of May. c. Compute the total manufacturing costs for the month of May. d. Compute the cost of goods manufactured for the month of May. e. Compute the cost of goods sold for the month of May.

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The following information comes from the accounting records for Chelsea, Inc., for May. Direct mater...