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Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 7,000 cameras with the following costs: Direct materials $760,000
Product Cost in Total and Per Unit
Grin Company manufactures digital cameras. In January, Grin produced 7,000 cameras with the following costs:
Direct materials | $760,000 |
Direct labor | 152,000 |
Manufacturing overhead | 608,000 |
There were no beginning or ending inventories of WIP.
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.
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