alculate the total cost of direct materials used in production
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Direct Materials Cost, Prime Cost, Conversion Cost, Cost of Goods Manufactured
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 $275,000, direct labor cost was $189,000, and overhead cost was $520,000. During the year, 100,000 units were completed.
Required:
1. Calculate the total cost of direct materials used in production.
$fill in the blank 12. Calculate the cost of goods manufactured.
$fill in the blank 2Calculate the unit
manufacturing cost . Round your answer to the nearest cent.
$fill in the blank 3 per unit3. 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?
$fill in the blank 4 per unitWhat is the conversion cost per unit?
$fill in the blank 5 per unit
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