avery corporation s northwestern factory provided the following 273641

Avery Corporation’s northwestern factory provided the following information for the last calendar year:

Beginning inventory:

Direct materials ………………$50,800

Work in process ……………… 58,500

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?