Cost Concepts

The following information comes from the accounting records for Santa Cruz, Inc., for March:

Direct material inventory, March 1

$6,000

Direct material inventory, March 31

5,000

Work in process inventory, March 1

3,000

Work in process inventory, March 31

2,000

Finished goods inventory, March 1

18,000

Finished goods inventory, March 31

24,000

Direct materials purchased during March

80,000

Direct labor costs, March

64,000

Manufacturing overhead, March

84,000

Required

Compute, for the month of March:

a. Total prime costs.

b. Total conversion costs.

c. Total manufacturing costs.

d. Cost of goods manufactured.

e. Cost of goods sold.