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Cost Definitions Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to $252,800, direct labor cost
Cost Definitions Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to $252,800, direct labor cost was $180,400, and overhead cost was $296,800. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. If required, round your answer to the nearest cent. Xperunit What is the prime cost per unit? Xperunit What is the conversion cost per unit? X per unit
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