Problem - A corporation manufactures a specialty line of dresses using a job-order costing system. During January, the following costs were incurred in completing job J-1:
Direct labor 32,000
Direct materials 12,000
Administrative costs 3,500
Selling costs 9,000
Factory overhead was applied at the rate of $32 per direct labor hour, and job J-1 required 395 direct labor hours. If job J-1 resulted in 1,200 good dresses, find the cost of goods sold per unit.