Suppose the companys production costs incurred to make 8,000 pickles and the costs per pickle are as follows: Total Cost Cost Per Pickle Production Dept 1,000,000 Packaging Dept 400,000 Total Direct Cost 1,400,000 The opening inventories for the period was 1500 units and WIP of 3000 units and the closing inventories for the period were 2400 units of raw materials and 2500 units of WIP. Raw materials bought during the period were for 40,000 units for and Finished goods transferred to the Packaging Dept were Opening inventories 15600 + Raw materials bought 40,000 - closing inventories 2400 1,500+40,000-2,500= 38,000 Therefore, 38,000 units were transferred. The Direct Labour Cost was $50 per unit while Direct Material were $60.00 per unit and Direct Expenses were ____ per unit Total Direct cost per unit =1,400,000 / 8,000= $175 per unit Direct material cost per unit = $60 x 40,000 units / 1,000,000 = $2.4 per unit Direct Expenses per unit = total Direct cost per unit + Direct material cost per unit + Direct labour Cost per unit. Direct Expenses per unit= $175+$2.40+$50= $ 227.40 per unit Actual $ value for direct expense = Direct Expenses per unit x total production Actual $ value = $53 x 1,000,000= $227,400,000 The Indirect Labour Cost was $20.00 per unit while indirect material was $18 per unit while manufacturing overhead was ____ per unit. manufacturing overhead per unit = Indirect Labour Cost per unit + indirect material cost per unit = $20+18= $38 per unit Actual $ value = $38 x 1,000,000= $38,000,000 The inventories in the production dept consisted of WIP with all raw material 100% completed while 30% completed for conversion costs. Required 1. Complete the Production Cost Report. (40 marks)