Exercise 2.13 Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory: Direct materials Work in process $25,900 44,700 Ending inventory Direct materials Work in process $18,000 22,700 During the year, direct materials purchases amounted to $256,900, direct labor cost was S176,000, 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. 3. Of the unit manufacturing cost calculated in Requirement 2, $6.62 is direct materials and $7.71 is overhead. What is the prime cost per unit? Conversion cost per unit