The following costs were incurred in May:Direct materials41,000Direct labor$13,000Manufacturing overhead$ 46,000Selling expenses18,000Administrative expenses$15,000What is the total conversion cost?$133,000$54,000$87,000O $59,000%24%24

Conversion cost is the cost incurred to convert raw material into finished goods.

Answered: The following costs were incurred in…

Business

Accounting

The following costs were incurred in May:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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Question

The following costs were incurred in May:
Direct materials
41,000
Direct labor
$13,000
Manufacturing overhead
$ 46,000
Selling expenses
18,000
Administrative expenses
$15,000
What is the total conversion cost?
$133,000
$54,000
$87,000
O $59,000
%24
%24

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