TOTAL AND UNIT PRODUCT COST Martinez Manufacturing Inc. showed the following costs for last month: Direct materials

Question:

TOTAL AND UNIT PRODUCT COST Martinez Manufacturing Inc. showed the following costs for last month:

Direct materials $7,000 Direct labor 3,000 Manufacturing overhead 2,000 Selling expense 8,000 Last month, 6,000 units were produced and sold.

Required:

. Classify each of the costs as a product cost or period cost.

. What is the total product cost for last month?

. What is the unit product cost for last month?

Exercise

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Gauri Hendre

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