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2. (15 points) Lennox Tech, Inc., is a manufacturer of smart phones. It has two departments: assembly and testing. In January 2022, the company
2. (15 points) Lennox Tech, Inc., is a manufacturer of smart phones. It has two departments: assembly and testing. In January 2022, the company incurred $750,000 on direct materials and $798,000 on conversion costs, for a total manufacturing cost of $1,548,000. a. Assume there was no beginning inventory of any kind on January 1, 2022. During January, 10,000 smart phones were placed into production and all 10,000 were fully completed at the end of the month. What is the unit cost of an assembled smart phone in January? ||
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