Cost Definitions

Picante, Inc., provided the following information for the last calendar year:

Beginning inventory:

Direct materials

$$150,500$

Work in process

$95,300$

Ending inventory:

Direct materials

$$145,300$

Work in process

$91,400$

During the year, direct materials purchases amounted to $$184,800,$ direct labor cost was $$149,100,$ and overhead cost was $$228,800.$ There were $20,000$ units produced.

Required:

Calculate the total cost of direct materials used in production.

$

Calculate the cost of goods manufactured.

Calculate the unit manufacturing cost. If required, round your answer to the nearest cent.

$

$x$ per unit

What is the prime cost per unit?

$

per unit

What is the conversion cost per unit?

per unit