Walberg associates, antique dealers, purchased the contents of an estate for $38,600. terms of the purchase were fob shipping point, and the cost of transporting the goods to walberg associates's warehouse was $1,750. walberg associates insured the shipment at a cost of $260. prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $600. determine the cost of the inventory acquired from the estate.

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?