New Jersey Valve Company manufactured 6,800 units during January of a control valve used by milk processors in its Camden plant. Records indicated the following:

Direct labor	41,600	hr. at $14.70 per hr.
Direct material purchased	26,000	lb. at $2.10 per lb.
Direct material used	25,600	lb.

The control valve has the following standard prime costs:

Direct material	4	lb. at $2.00 per lb.	$	8.00
Direct labor	6	hr. at $15.10 per hr.		90.60
Standard prime cost per unit			$	98.60

Required:

1. Prepare a schedule of standard production costs for January, based on actual production of 6,800 units