Direct Materials Cost, Prime Cost, Conversion Cost, Cost of Goods Manufactured Ellerson Company provided the following information for the last calendar year: Beginning inventory: Direct materials $67,000 Work in process 29,400 Finished goods 43,200 Ending inventory: Direct materials Work in process $70,400 Finished goods 50,000 42,100 During the year, direct materials purchases amounted to $280,000, direct labor cost was $189,000, and overhead cost was $520,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. Round your answer to the nearest cent. per unit 3. Of the unit manufacturing cost calculated in Requirement 2, $2.60 is direct materials and $5.20 is overhead. Round your answers to the nearest cent. What is the prime cost per unit? per unit What is the conversion cost per unit? per unit