Please do not give solution in image format thanku Prime Cost and Conversion CostGrin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs:Direct materialsDirect laborManufacturing overheadThere were no beginning or ending inventories of WIP.$400,00080,000320,000Required:If required, round your answers to the nearest cent.What was the total prime cost in January?800,000 XWhat was the prime cost per unit in January?200 X per unitWhat was the total conversion cost in January?200 XWhat was the conversion cost per unit in January?800,000 X per unit

Prime cost refers to the direct costs of materials and labor involved in production, while…

Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs: Direct materials Direct labor $400,000 80,000 320,000 Manufacturing overhead There were no beginning or ending inventories of WIP. Required: If required, round your answers to the nearest cent. What was the total prime cost in January? 800,000 X What was the prime cost per unit in January? 200 X per unit What was the total conversion cost in January? 200 x What was the conversion cost per unit in January? 800,000 X per unit

Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs: Direct materials Direct labor $400,000 80,000 320,000 Manufacturing overhead There were no beginning or ending inventories of WIP. Required: If required, round your answers to the nearest cent. What was the total prime cost in January? 800,000 X What was the prime cost per unit in January? 200 X per unit What was the total conversion cost in January? 200 x What was the conversion cost per unit in January? 800,000 X per unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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