Cost Definitions

Wyandotte Company provided the following information for the last calendar year:

Beginning inventory:

Direct materials $28,000

Work in process 48,400

Ending inventory:

Direct materials $17,200

Work in process21,200

During the year, direct materials purchases amounted to $259,200, direct labor cost was $173,200, and overhead cost was $310,800. There were 40,000 units produced.

During the year, direct materials purchases amounted to $259,200, direct labor cost was $173,200, and overhead cost was $310,800. There were 40,000 units produced.

Required:

1.Calculate the total cost of direct materials used in production.

2.Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. If required, round your answer to the nearest cent.

3.Of the unit manufacturing cost calculated in Requirement 2, $6.75 is direct materials and $7.77 is overhead. If required, round intermediate calculations and your final answers to the nearest cent. What is the prime cost per unit? What is the conversion cost per unit?