Ellerson Company provided the following information for the last calendar year: Beginning inventory: Direct materials $67,000...

Ellerson Company provided the following information for the last calendar year:

Beginning inventory:
Direct materials	$67,000
Work in process	29,400
Finished goods	43,200
Ending inventory:
Direct materials	$70,400
Work in process	40,000
Finished goods	42,100

During the year, direct materials purchases amounted to $280,000, direct labor cost was $189,000, and overhead cost was $530,000. During the year, 100,000 units were completed.

Required:

1. Calculate the total cost of direct materials used in production.
$

2. Calculate the cost of goods manufactured.
$

Calculate the unit manufacturing cost. Round your answer to the nearest cent.
$ per unit

3. Of the unit manufacturing cost calculated in Requirement 2, $2.60 is direct materials and $5.20 is overhead. Round your answers to the nearest cent.

What is the prime cost per unit?
$ per unit

What is the conversion cost per unit?
$ per unit

Solutions

Expert Solution

ekkarill92 answered 1 year ago

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