Flyers Inc Required:
A

question 89

Essay

Flyers Inc.,had the following activities during 2015:
$\begin{array}{lr}\text { Direct materials: }\\{\text { Beginning inventory }} & \$ 22,000 \\\quad \text { Purchases } & 61,600 \\\quad \text { Ending inventory } & 10,800 \\\text { Direct manufacturing labor } & 18,000 \\\text { Manufacturing overhead } & 11,500 \\\text { Beginning work-in-process inventory } & 1,000 \\\text { Ending work-in-process inventory } & 3,500 \\\text { Beginning finished goods inventory } & 25,000 \\\text { Ending finished goods inventory } & 19,000\end{array}$ Required:
a.What is the cost of direct materials used during 2015?
b.What is cost of goods manufactured for 2015?
c.What is cost of goods sold for 2015?
d.What amount of prime costs was added to production during 2015?
e.What amount of conversion costs was added to production during 2015?

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Definitions:

Big Five

A personality model that outlines five major traits used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Imaginative

Possessing the ability or tendency to think creatively and inventively, often leading to new ideas or concepts.

Sexual Orientation

An inherent or immutable enduring emotional, romantic or sexual attraction to other people.