Grin Company manufactures digital cameras. In January, Grin produced 6,400 cameras with the following costs: Direct materials

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Grin Company manufactures digital cameras. In January, Grin produced 6,400 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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Cornerstones of Managerial Accounting

ISBN: 978-0324660135

3rd Edition

Authors: Mowen, Hansen, Heitger

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Question Posted: Feb 03, 2012 06:27 AM

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Grin Company manufactures digital cameras. In January, Grin produced 6,400 cameras with the following costs: Direct materials

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