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I am not sure about following question , what I did wrong, I will attach my solution... Columbia Products produced and sold 1,300 units of

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I am not sure about following question , what I did wrong, I will attach my solution...

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Columbia Products produced and sold 1,300 units of the company's only product in March. You have collected the following information from the accounting records: ed $ 138 Sales price (per unit) Manufacturing costs: Fixed overhead (for the month) Direct labor (per unit) Direct materials (per unit) Variable overhead (per unit) Marketing and administrative costs: Fixed costs (for the month) Variable costs (per unit) 18, 200 9 29 23 19,500 4 Required: a. Compute the following: 1 IS 61 2 IS 93 X 3 $ 27 X 4 $ 65 X 5 Variable manufacturing cost per unit Full cost per unit Variable cost per unit. Full absorption cost per unit. Prime cost per unit. Conversion cost per unit. Profit margin per unit. Contribution margin per unit Gross margin per unit 38 6 $ 46 7 $ 45 X 111 X 8 $ 9 $ 73 X The following data refer to one year for Monroe Fabricators. Fill in the blanks. $ 2,570 4,320 2,630 3,830 2,090 230 Direct materials inventory, January 1 Direct materials inventory, December 31 Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Purchases of direct materials Cost of goods manufactured during the year Total manufacturing costs Cost of goods sold Gross margin Direct labor 16,220 53,530 55,270 X 55,390 47.940 23,930 14,470 13,870 103,330 Direct materials used Manufacturing overhead Sales revenue [The following information applies to the questions displayed below.] Madrid Corporation has compiled the following information from the accounting $ 610 per unit $ 95,400 $ 104,400 Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) $ $ $ $ 28 170 33 115 1,800 Exercise 2-51 (Algo) Components of Full Costs (LO 2-6) Required: a. Calculate the product costs per unit. b. Calculate the period costs for the period. a Product costs per unit $ 318 X b Period costs $ 250,200 X ol Product cost per unit - Direct Materials + Direct Labor & Manufactur overh. = 170 +33 + 115 = 318 2 B) Period costos = 95,400 + 104,400+(28 x 1,800)- 250,200

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