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Calculate the total cost of direct materials used

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Reference no: EM13481874

Avery Corporation's northwestern factory provided the followinginformation 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:

Calculate the total cost of direct materials used inproduction.

Calculate the cost of goods manufactured.

Calculate the unit manufacturing cost.

Of the unit manufacturing cost calculated in Requirement 2,assume $1.70 is direct materials and $3.24 is overhead. What is theprime cost per unit? Conversion cost per unit?

Reference no: EM13481874

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