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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
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: 1. Calculate the total cost of direct materials used in production. $fill in the blank 1 2. Calculate the cost of goods manufactured. $fill in the blank 2 Calculate the unit manufacturing cost. If required, round your answer to the nearest
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