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Arden company reported the following costs and expenses for

Exercise - Cost Terminology for Manufacturers

Arden Company reported the following costs and expenses for the most recent month:

Direct materials - $ 81,000

Direct labor - $43,000

Manufacturing overhead - $20,000

Selling expenses - $23,000

Administrative expenses - $36,000

Required:

1. What is the total amount of product costs?

2. What is the total amount of period costs?

3. What is the total amount of conversion costs?

4. What is the total amount of prime costs?

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Accounting Basics: Arden company reported the following costs and expenses for

Reference No:- TGS02628152

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