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The following information pertains to Boulanger Corporation for July 2018:
Beginning DM inventory $15,000
Beginning FG inventory 25,000
Beginning WIP inventory 35,000
Direct labor 170,000
Direct materials purchases 110,000
Ending DM inventory 17,000
Ending FG inventory 24,000
Ending WIP inventory 36,000
Factory OH fixed 90,000
Factory OH variable 60,000
Sales 700,000
Selling and administrative expenses 80,000
Calculate the following assuming there are no income taxes:
a. Direct materials used
b. Cost of goods manufactured
c. Cost of goods sold
d. Net income
e. Conversion costs
f. Prime costs
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