Cost Definitions and Calculations

For each of the following independent situations, calculate the missing values:

1. The Belen plant purchased $79,200 of direct materials during June. Beginning direct materials inventory was $2,300, and direct materials used in production were $72,200. What is ending direct materials inventory? $fill in the blank 1

2. Forster Company produced 18,600 units at an average cost of $5.10 each. The beginning inventory of finished goods was $3,264. (The average unit cost was $5.10.) Forster sold 18,720 units. How many units remain in ending finished goods inventory? fill in the blank 2units

3. Beginning work in process (WIP) was $113,200, and ending WIP was $123,400. If total manufacturing costs were $343,500, what was the cost of goods manufactured? $fill in the blank 3

4. If the conversion cost is $80 per unit, the prime cost is $48, and the manufacturing cost per unit is $102, what is the direct materials cost per unit? $fill in the blank 4per unit

5. Total manufacturing costs for August were $424,000. Prime cost was $63,000, and beginning WIP was $79,000. The cost of goods manufactured was $451,000. Calculate the cost of overhead for August and the cost of ending WIP.

Cost of overhead for August	$
Ending WIP