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Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 7,500 cameras with the following costs: Direct materials Direct labor
Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 7,500 cameras with the following costs: Direct materials Direct labor Manufacturing overhead $1,000,000 104,000 480,000 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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