Avery corporations northwestern factory provided the, Ask an Expert

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Avery Corporation's northwestern factory provided the followinginformation for the last calendar year:

Beginning inventory:
Direct materials	$50,800
Work in process	58,500
Ending inventories:
Direct materials	$21,500
Work in process	23,500

During the year, direct materials purchases amounted to$150,000, direct labor cost was $200,000, and overhead cost was$324,700. There were 100,000 units produced.

Required:

Calculate the total cost of direct materials used inproduction.

Calculate the cost of goods manufactured.

Calculate the unit manufacturing cost.

Of the unit manufacturing cost calculated in Requirement 2,assume $1.70 is direct materials and $3.24 is overhead. What is theprime cost per unit? Conversion cost per unit?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797050

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