Fenix Publishing has the following data for its first year of operation: . Units Sold = 64,000 units Ending Inventory = 1,500 units . Cost of Goods Sold (COGS) = $4,800 . Average Unit Cost = $7.00 What are the total manufacturing costs for Fenix Publishing?

Fenix Publishing has the following data for its first year of operation: . Units Sold = 64,000 units Ending Inventory = 1,500 units . Cost of Goods Sold (COGS) = $4,800 . Average Unit Cost = $7.00 What are the total manufacturing costs for Fenix Publishing?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. 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. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Last month, 4,000 units were produced and sold. Required: 1. Classify each of the costs as product cost or period cost. 2. What is the total product cost for last month? 3. What is the unit product cost for last month?
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