Chapter 6, Problem 41E

Basic Cost Flows

Linsenmeyer Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for September:

During September, 18,000 components were completed. There is no beginning or ending WIP in any department.

Required:

1. 1. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost.
2. 2. Calculate the unit cost. (Note: Round the unit cost to two decimal places.)