121) The Majors Company has gathered the following information for the year ended December 31, 20X3.

Sales$520,000

Direct materials used129,000

Direct labour76,000

Factory overhead:

Fixed62,000

Variable33,000

Selling expenses:

Fixed21,000

Variable44,000

General and administrative expenses:

Fixed43,000

Variable23,000

There were no beginning or ending inventories.

Required:

Calculate the following:

a.Prime cost

b.Conversion cost

c.Total product cost

d.Total period cost



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