Cornerstones Of Cost Management Exercise 2.14 Questions 3-5 Calculate the missing values for each independent situations:

3. Beginning work in progress (WIP) was $116,000, and ending WIP was $117,300. If total manufacturing costs were $349,000, what was the cost of goods manufactured?

4. If the conversion cost is $84 per unit, the prime cost is $55 and the manufacturing cost per unit is $105, what is the direct materials cost per unit?

5. Total manufactureing costs for August were $412,000. Prime cost was $64,000 and beginning WIP was $76,000. The costs of goods manufactured was $434,000. Calculate the cost of overhead for August and the cost of WIP.