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Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory Direct materials $27,200 Work in process 40,000 Ending inventory: Direct

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Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory Direct materials $27,200 Work in process 40,000 Ending inventory: Direct materials $18,400 Work in process 23,200 During the year, direct materials purchases amounted to $253,600, direct labor cost was $174,400, and overhead cost was $308,400. There were 10,000 units proc 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. per unit 3. Of the unit manufacturing cost calculated in Requirement 2, 56.56 is direct materials and 57.71 is overhead. It required, round intermediate calculations and your Ending inventory Direct materials $18,400 Work in process 23,200 During the year, direct matenals purchases amounted to $253,600, direct labor cost was $174,400, and overhead cost was $308,400. 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 cont por unit 3. of the unit manufacturing cost calculated in Requirement 2. $6.56 is direct materials and 52.71 is overhead. If required, round intermediate calculations and your final answers to the nearest cent What is the prime cost per unit? per unit What is the conversion cost per unit? per un

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