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Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 8,000 cameras with the following costs: Direct materials $880,000 Direct labor

Prime Cost and Conversion Cost

Grin Company manufactures digital cameras. In January, Grin produced 8,000 cameras with the following costs:

Direct materials $880,000
Direct labor 128,000
Manufacturing overhead 384,000

There were no beginning or ending inventories of WIP.

Required:

1. What was the total prime cost in January?
$fill in the blank 2
2. What was the prime cost per unit in January? Round your answer to the nearest cent.
$fill in the blank 3 per unit
3. What was the total conversion cost in January?
$fill in the blank 4
4. What was the conversion cost per unit in January? Round your answer to the nearest cent.
$fill in the blank 5 per unit

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