Direct Materials:
Beginning raw materials		$17,400
Add: Purchases of raw materials		$120,000
Raw materials available for use		$137,400
Less: Ending raw materials		$13,200
Raw materials used in production			$124,200
Direct labor			$273,000
Manufacturing Overhead:
Insurance Factory		$1,770
Indirect labor		$11,200
Factory equipment depreciation		$17,300
Maintenance Factory		$7,400
Factory supplies used		$350
Total overhead costs			$38,020
Total manufacturing costs			$435,220
Add: Beginning work in progress			$31,150
			$466,370
Less: Ending work in progress			$28,975
Cost of Goods Manufactured			$437,395
Cost of Goods Sold:
Beginning finished goods inventory			$19,200
Add: Cost of Goods Manufactured			$437,395
Less: Ending finished goods inventory			$25,500
Cost of Goods Sold			$431,095
Calculating Conversion Cost
Direct labor cost			$273,000
Direct manufacturing overhead cost			$38,020
Conversion cost			$311,020
Calculating Prime Cost
Direct labor cost			$273,000
Direct material cost			$124,200
Prime cost			$397,200