Question

The following costs were incurred in May: Direct materials $ 44,800 Direct labor $ 29,000 Manufacturing overhead $ 29,300 Selling expenses $ 26,800 Administrative expenses $ 37,100 Conversion costs during the month totaled: Multiple Choice $74,100 $58,300 $167,000 $73,800

Answer 1

Conversion cost= $58,300

Step-by-step explanation:

Giving the following information:

Direct labor $ 29,000

Manufacturing overhead $ 29,300

The conversion costs are the sum of the direct labor and manufacturing overhead:

Conversion cost= direct labor + Manufacturing overhead

Conversion cost= 29,000 + 29,300

Conversion cost= $58,300