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The following costs were incurred in May: Direct materials $ 43,100 Direct labor $ 36,200 Manufacturing overhead $ 23,800 Selling expenses $ 18,000 Administrative expenses $ 40,700 Conversion costs during the month totaled:

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ayokenny2001

Conversion costs during the month totalled: $ 60,000

What is conversion cost?

Conversion cost is the cost incurred by any manufacturing entity in the process of converting its raw material into finished goods capable of being sold.

The conversion cost is computed as:

Conversion Costs = Direct Labor Costs + Manufacturing Overheads

Given that:

Direct Labor Costs = $ 36,200

Manufacturing Overheads = $ 23,800

Therefore,

Conversion Costs = $ 36,200 + $ 23,800

Conversion Costs = $ 60,000

Hence, Conversion costs during the month totalled $ 60,000

Learn more about conversion costs here : https://brainly.com/question/5584175

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