Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 7,750 cameras...

 

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Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 7,750 cameras with the following costs: Direct materials Direct labor $560,000 184,000 512,000 Manufacturing overhead There were no beginning or ending inventories of WIP. Required: If required, round your answers to the nearest cent. 1. What was the total prime cost in January? 2. What was the prime cost per unit in January? per unit 3. What was the total conversion cost in January? 4. What was the conversion cost per unit in January? per unit Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 7,750 cameras with the following costs: Direct materials Direct labor $560,000 184,000 512,000 Manufacturing overhead There were no beginning or ending inventories of WIP. Required: If required, round your answers to the nearest cent. 1. What was the total prime cost in January? 2. What was the prime cost per unit in January? per unit 3. What was the total conversion cost in January? 4. What was the conversion cost per unit in January? per unit