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The following costs were incurred in August: Direct Materials $20,000 Direct Labor $18,000 Manufacturing (Factory)...

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Accounting

The following costs were incurred in August: Direct Materials $20,000 Direct Labor $18,000 Manufacturing (Factory) Overhead $21,000 Selling and Administrative Expenses $37,000 (1) What is the amount of the prime costs? (2) What is the amount of the period costs? (3) What is the amount of the conversion costs? (4) What is the amount of the product costs?

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