Response to the following problem:
Grin Company manufactures digital cameras. In January, Grin produced 6,400 cameras with the following costs:
Direct materials .......................$400,000
Direct labor ..............................80,000
Manufacturing overhead .............320, 000
There were no beginning or ending inventories of WIP.
Required:
1. What was total product cost in January?
2. What was product cost per unit in January?