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Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory: Direct materials $30,000 Work in process 50,000 Ending inventory: Direct
Cost Definitions Wyandotte Company provided the following information for the last calendar year: Beginning inventory: Direct materials $30,000 Work in process 50,000 Ending inventory: Direct materials $16,400 Work in process 23,600 > During the year, direct materials purchases amounted to $254,800, direct labor cost was $166,800, and overhead cost was $300,000. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production 2. Calculate the cost of goods manufactured Calculate the unit manufacturing cost. If required, round your answer to the nearest cent perunt 3. Of the unit manufacturing cost calculated in Requirement 2, 56.71 is direct materials and $7.50 is overhead. If required, round intermediate calculations and your final answers to the nearest cert What is the prime cost per un per un What is the conversion cost per unit? perunt
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