Question: also what is the conversion cost per unit? please answer ASAP Direct Materials Cost, Prime Cost, Conversion Cost, Cost of Goods Manufactured Ellerson Company provided

also what is the conversion cost per unit? please answer ASAP
also what is the conversion cost per unit? please answer ASAP Direct

Direct Materials Cost, Prime Cost, Conversion Cost, Cost of Goods Manufactured Ellerson Company provided the following information for the last calendar year: Beginning inventory: During the year, direct materlals purchases amounted to $275,000, direct labor cost was $189,000, and overhead cost was $530,000, During the year, 100,000 units we completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. Round your answer to the nearest cent. per unit 3. Of the unit manufacturing cost calculated in Requirement 2,$2.60 is direct materials and $5.20 is overhead. Round your answers to the nearest cent. What is the prime cost per unit? per unit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!