Chapter 5, Problem 7E

The records of Stone Inc. reflect the following data:

Work in process, beginning of month–4,000 units one-fourth completed at a cost of $2,500 for materials, $1,400 for labor, and $1,800 for overhead.

Production costs for the month–materials, $130,000; labor, $70,000; and factory overhead, $82,000.

Units completed and transferred to stock–45,000.

Work in process, end of month–5,000 units, one-half completed.

Compute the month’s unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)