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Can someone help me with this problem? Wyandotte Company provided the following information for the last calendar year: Beginning inventory: During the year, direct materials
Can someone help me with this problem?
Wyandotte Company provided the following information for the last calendar year: Beginning inventory: During the year, direct materials purchases amounted to $252,800, direct labor cost was $162,000, and overhead cost was $314,800, There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. If required, round your answer to the nearest cent. During the year, direct materials purchases amounted to $252,800, direct labor cost was $162,000, and overhead cost was $314,800. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. $ Calculate the unit manufacturing cost. If required, round vour answer to the nearest cent. per unit 3. Of the unit manufacturing cost calculated in fiequirement 2,56.50 is direct materials and $7.87 is overhead. If required, round intermediate calculations and your final answers to the nearest cent. What is the prime cost per unit? Der unit What is the conversion cost per unit? Der unit Step by Step Solution
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