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Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 5,250 cameras with the following costs: Direct materials $520,000 Direct labor
Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 5,250 cameras with the following costs: Direct materials $520,000 Direct labor 88,000 Manufacturing overhead 320,000 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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