Cost Definitions Picante, Inc., provided the following information for the last calendar year: Beginning inventory: Direct materials $28,400 Work in process 44,400 Ending inventory: Direct materials Work in process $20,000 23,200 During the year, direct materials purchases amounted to $256,000, direct labor cost was $163,200, and overhead cost was $299,200. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 190,000 X 2. Calculate the cost of goods manufactured. 571,800 X Calculate the unit manufacturing cost. If required, round your answer to the nearest cent. 28.59 X per unit 3. Of the unit manufacturing cost calculated in Requirement 2, $6.61 is direct materials and $7.48 is overhead. If required, round intermediate calculations and your final answers to the nearest cent. What is the prime cost per unit? 17.15 X per unit What is the conversion cost per unit? 19.09 X per unit