Question

Refer to the information for Grin Company above.
Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs:
Direct materials .......... $400,000
Direct labor ............. 80,000
Manufacturing overhead ....... 320,000
There were no beginning or ending inventories of WIP.

Required:
1. What was total product cost in January?
2. What was product cost per unit in January?


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  • CreatedSeptember 22, 2015
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