Answer
1. $\$141,000$
2. $\$57,000$
3. $\$61,000$
4. $\$122,000$
Work Step by Step
1. The product costs are made up of direct materials, the direct labor and the manufacturing overhead costs.
$\$80,000 + \$42,000 + \$19,000 = \$141,000$
2. The period costs are made up of the selling expense and the administrative expense.
$\$22,000 + \$35,000 = \$57,000$
3. The conversion costs are made up of the direct labor and manufacturing overhead cost.
$\$42,000 + \$19,000 = \$61,000$
4. The prime costs are made up of the direct materials and the direct labor cost.
$\$80,000 + \$42,000 = \$122,000$
