Inventory balances for the Beemer Enterprises in April 2016 are as follows:
|
|
April 1, 2016
|
April 30, 2016
|
|
Raw materials
|
$27,000
|
$21,000
|
|
Work in process
|
48,000
|
37,200
|
|
Finished goods
|
108,000
|
90,000
|
During April, purchases of direct materials were $36,000. Direct labor and factory overhead costs were $60,000 and $84,000, respectively.
Please compute the prime costs for April: [PrimeCosts]