Cost Definitions

Wyandotte Company provided the following information for the last calendar year:

Beginning inventory:
Direct materials		$34,800
Work in process		43,600
Ending inventory:
Direct materials		$20,800
Work in process		24,400

During the year, direct materials purchases amounted to $254,800, direct labor cost was $166,400, and overhead cost was $304,800. 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.

$ per unit

3. Of the unit manufacturing cost calculated in Requirement 2, $6.72 is direct materials and $7.62 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 unit