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Find the month unit cost for each element of manufacturing

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Reference no: EM133002927

The records of Ramey Inc. reflect the following data:

Work in process, beginning of month-4,000 units one fourth completed at a cost of $2,500 for materials, $1,400 for labor, and $1,800 for overhead.

Production costs for the month-materials, $130,000; labor, $70,000; factory overhead, $82,000.

Units completed and transferred to stock-45,000.

Work in process, end of month-5,000 units, one-half completed.

Question 1: Compute the month's unit cost for each element of manufacturing cost and the total per unit cost.

Reference no: EM133002927

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