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Davis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for November: molding

Davis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for November:

molding Grinding finishing respectively

Direct materials $143,300 $15,700 $10,200
Direct labor 13,600 34,200 22,800
Applied overhead 17,000 135,900 19,400

During November, 8,800 components were completed. There is no beginning or ending WIP in any department.

Required:

1. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost. Refer to the key below.

2. Calculate the unit cost. (Round the unit cost to two decimal places.)

Refer to the list below for the exact wording of an amount description within your schedule.

Amount Descriptions
Applied overhead
Costs added
Direct labor
Direct materials
From Finishing
From Grinding
From Molding
Total manufacturing cost
Work in process

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