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Avery Corporations north western factory provided the following information

Avery Corporation's north western factory provided the following information for the last calendar year:

Beginning inventory:  
Direct materials $50,800
Work in process 58,500
Image for Avery Corporation's northwestern factory provided the followinginformation for the last calendar year: Beginni
Ending inventories:  
Direct materials $21,500
Work in process 23,500

During the year, direct materials purchases amounted to$150,000, direct labor cost was $200,000, and overhead cost was$324,700. There were 100,000 units produced.

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, assume $1.70 is direct materials and $3.24 is overhead. What is the prime cost per unit?
    $
    Conversion cost per unit?

May 02 2018 View more View Less

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