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Grin Company manufactures digital cameras. In January, Grin produced 2,500 cameras with the following costs: Direct materials $560,000 Direct labor 80,000 Manufacturing overhead 384,000 There
Grin Company manufactures digital cameras. In January, Grin produced 2,500 cameras with the following costs:
Direct materials | $560,000 |
Direct labor | 80,000 |
Manufacturing overhead | 384,000 |
There were no beginning or ending inventories of WIP.
Required:
If required, round your answers to the nearest cent.
1. What was the total prime cost in January? $
2. What was the prime cost per unit in January? $per unit
3. What was the total conversion cost in January? $
4. What was the conversion cost per unit in January? $per unit
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