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Grin Company manufactures digital cameras

Accounting

Grin Company manufactures digital cameras. In January, Grin produced 4,250 cameras with the following costs: Direct materials $560,000 Direct labor 200,000 Manufacturing overhead 768,000 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 
 

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Direct materials $560,000
Direct labor $200,000
Manufacturing overhead $768,000
Total Prime Cost $1,528,000
Total Prime Cost $1,528,000
Number of units produced 4,250
Prime cost per unit ($1,528,000/4,250) $359.53
Direct labor $200,000
Manufacturing overhead $768,000
Total Conversion Cost $ 968,000
Total Conversion Cost $968,000
Number of units produced 4,250
Conversion cost per unit ($776,000/4,250) $227.76