Ross Company makes handbags. Last month, direct materials (leather, thread, zippers, decorative accents) costing $76,000 were...

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Ross Company makes handbags. Last month, direct materials (leather, thread, zippers, decorative accents) costing $76,000 were put into production. Ross Company had 30 workers, each of whom worked for 160 hours during the month and was paid $12 per hour. Manufacturing overhead equaled $80,000 for the period. Ross Company produced 40,000 handbags by the end of the month. Required: Calculate the total product cost for the month. $ 213,600 Calculate the unit cost of one produced handbag. Round the unit cost to two decimal places. 5.34 Ross Company makes handbags. Last month, direct materials (leather, thread, zippers, decorative accents) costing $76,000 were put into production. Ross Company had 30 workers, each of whom worked for 160 hours during the month and was paid $12 per hour. Manufacturing overhead equaled $80,000 for the period. Ross Company produced 40,000 handbags by the end of the month. Required: Calculate the total product cost for the month. $ 213,600 Calculate the unit cost of one produced handbag. Round the unit cost to two decimal places. 5.34

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