Product Cost In Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 5,250 cameras with the following costs: Direct materials $560,000 Direct labor 112,000 Manufacturing overhead 448,000 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. per unit Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 6,000 cameras with the following costs: Direct materials $800,000 Direct labor 96,000 Manufacturing overhead 608,000 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 Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $190,000 and incurred direct labor cost of $140,000. Overhead totaled $345,000 for the month. Info September 1 September 30 Materials $150,000 $110,000 $70,000 $90,000 Work in process Finished goods $70,000 $75,000 Required: 1. What was the cost of direct materials used in September? 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured for September? Cost of Goods Sold In September, Lauren Ashley Company purchased materials conting $180,000 and incurred direct labor cost of $110,000. Overhead totaled $400,000 for the month. Information on inventaries September 1 September 30 Materials $120,000 $130,000 Work in process 80,000 90,000 Finished goods 70,000 65,000 Requiredi What was the cost of goods sold for September? Cost of Goods Sold, Sales Revenue, Income Statement Jasper Company provided the following information for last year: Sales in units 280,000 $12 Selling price Direct materials 180,000 Direct labor Manufacturing overhead Selling expense 585,000 110,000 437,000 Administrative expense 854,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero. Required: Calculate the cost of goods sold for last year. $