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Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 2,500 cameras with the following costs: Direct materials $760,000 Direct labor

Prime Cost and Conversion Cost

Grin Company manufactures digital cameras. In January, Grin produced 2,500 cameras with the following costs:

Direct materials $760,000
Direct labor 144,000
Manufacturing overhead 672,000

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? $fill in the blank 1

2. What was the prime cost per unit in January? $fill in the blank 2per unit

3. What was the total conversion cost in January? $fill in the blank 3

4. What was the conversion cost per unit in January? $fill in the blank 4per unit

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