The Following Information Has Come from Bill Lawrie Inc Required:
A

question 172

Essay

The following information has come from Bill Lawrie Inc.accounting records for 2018:
$\begin{array}{lr}\text { Direct materials: } & \\\quad \text { Beginning inventory } & \$ 40000 \\\quad \text { Purchases } & 123200 \\\quad \text { Ending inventory } & 20800 \\\text { Direct manufacturing labour } & 32000 \\\text { Manufacturing overhead } & 24000 \\\text { Beginuing work-in-process inventory } & 1600 \\\text { Ending work-in-process inventory } & 8000 \\\text { Beginuing finished goods inventory } & 48000 \\\text { Ending finished goods inventory } & 32000\end{array}$
Required:
a.What is the cost of direct materials used during 2018?
b.What is cost of goods manufactured for 2018?
c.What is cost of goods sold for 2018?
d.What amount of prime costs was added to production during 2018?
e.What amount of conversion costs was added to production during 2018?
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Definitions:

Ethical Issue Awareness

The ability to recognize and understand moral principles and dilemmas in decision-making processes.

Hostile Work Environment

A workplace situation where an employee experiences harassment or discrimination, making it difficult to work.

Corporate Intelligence

The collection and analysis of information on markets, competitors, customers, and other factors influencing the business environment, aimed at supporting strategic decision-making.

Unethical

Actions or behaviors that are considered wrong or immoral according to societal norms or professional standards.