Beginning inventory: Direct materials $68,000 Work in process 29,400 Finished goods 43,200 Ending inventory: Direct materials $70,400 Work in process 40,000 Finished goods 42,100 During the year, direct materials purchases amounted to $278,000, direct labor cost was $189,000, and overhead cost was $523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. $ 275,600 2. Calculate the cost of goods manufactured. $ 977,000 Calculate the unit manufacturing cost. Round your answer to the nearest cent. $ 2.76 X per unit 3. Of the unit manufacturing cost calculated in Requirement 2, $2.70 is direct materials and $5.30 is overhead. Round your answers to the nearest cent. What is the prime cost per unit? $ 4.65 X per unit What is the conversion cost per unit? $ 7.12 X per unit