Question
Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 7,250 cameras with the following costs: Direct materials
Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 7,250 cameras with the following costs: Direct materials Direct labor Manufacturing overhead $920,000 184,000 736,000 There were no beginning or ending inventories of WIP This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Required: 1. What was the total product cost in January? 2. What was the product cost per unit in January? Round your answer to the nearest cent. X per unit Feedback Check My Wo 1. The total of direct and indirect costs associated with producing or acquiring a product and preparing it for sale. 2. Divide total product costs by the number of units produced.
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