From the Following Information for the Seabrook Company, Compute Prime

question 46

Essay

From the following information for the Seabrook Company, compute prime costs and conversion costs.
$\begin{array}{ll}\underline{\text {Inventries}}&\underline{\text { Beginning }} &\underline{ \text { Ending }} \\\text {Raw Material}&\$ 9,900 & \$ 7,600 \\\text {Wotk in Process}&44,500 &37,800\\\text { Finished Goods }&36,580 & 61,300\end{array}$
Raw material purchased during the period cost $40,800; overhead incurred and paid or accrued for the period was $21,750; and 23,600 direct labor hours were incurred at a rate of $13.75 per hour.