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The following costs were incurred in May: Direct materials $ 39,200 Direct labor $ 33,400 Manufacturing overhead $ 25,100 Selling expenses $ 23,600 Administrative expenses $ 40,600 Conversion costs during the month totaled: The following costs were incurred in May:
The following costs were incurred in May: Direct materials $ 39,200 Direct labor $ 33,400 Manufacturing overhead $ 25,100 Selling expenses $ 23,600 Administrative expenses $ 40,600 Conversion costs during the month totaled: The following costs were incurred in May:72,600
64,300
58,500
161,900
Conversion costsduring the month of May totaled $58,500.The term “conversion cost” refers to the sum of direct labor and manufacturing overheads. These expenses are a direct result ofconverting rawmaterials into finished goods that are ready for sale.Along withdirect materials, conversion costs are used to calculate the cost of production of goods in a manufacturing firm. In summary, conversion costs refer to the expenses incurred during themanufacturingprocess of goods.The computation for conversion costs is as follows:Direct labor plus Manufacturing overhead = Conversion costsUsing the given information, we have:Direct materials = $ 39,200Direct labor = 33,400Manufacturing overhead = $ 25,100Selling expenses = $ 23,600Administrative expenses = $ 40,600Conversion costs = Direct labor + Manufacturingcosts = $33,400 + $25,100Conversion costs: $58,500Therefore, the conversion costs during the month of May totaled $58,500.To know more aboutConversion costs,visit:brainly.com/question/31063987#SPJ11...