Avery Corporation's northwestern factory provided the followinginformation for the last calendar year:
| Beginning inventory: |
|
| Direct materials |
$50,800 |
| Work in process |
58,500 |
| Ending inventories: |
|
| Direct materials |
$21,500 |
| Work in process |
23,500 |
During the year, direct materials purchases amounted to$150,000, direct labor cost was $200,000, and overhead cost was$324,700. There were 100,000 units produced.
Required:
Calculate the total cost of direct materials used inproduction.
Calculate the cost of goods manufactured.
Calculate the unit manufacturing cost.
Of the unit manufacturing cost calculated in Requirement 2,assume $1.70 is direct materials and $3.24 is overhead. What is theprime cost per unit? Conversion cost per unit?