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Cost Definitions Picante, Inc., provided the following information for the last calendar year: Beginning inventory:...

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Accounting

Cost Definitions
Picante, Inc., provided the following information for the last calendar year:
Beginning inventory:
Direct materials
$150,500
Work in process
95,300
Ending inventory:
Direct materials
$145,300
Work in process
91,400
During the year, direct materials purchases amounted to $184,800, direct labor cost was $149,100, and overhead cost was $228,800. There were 20,000 units produced.
Required:
Calculate the total cost of direct materials used in production.
$
Calculate the cost of goods manufactured.
Calculate the unit manufacturing cost. If required, round your answer to the nearest cent.
$
x per unit
What is the prime cost per unit?
$
per unit
What is the conversion cost per unit?
per unit
image

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