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Grin Company manufactures digital cameras. For January the following information was provided:

DATA

There were no beginning or ending inventories of WIP.

Using formulas and cell references, perform the required analysis, and input your answers into the green

cells in the Amount column. Transfer the numeric results for the green entry cells $($B$16$:B$19)$ into the

appropriate fields in CNOWV$2$ for grading.

Required:

Total prime cost in January

Prime cost per unit in January

Total conversion cost in January

Conversion cost per unit in January

Amount

Grin Company manufactures digital cameras. In January, Grin produced $7,250$ cameras with the following costs:

Direct materials

Direct labor

Manufacturing overhead

$$920,000$

$120,000$

$704,000$

There were no beginning or ending inventories of WIP.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

Required:

What was the total prime cost in January?

$!$

What was the prime cost per unit in January? Round your answer to the nearest cent.

&

per unit

What was the total conversion cost in January?

$

What was the conversion cost per unit in January? Round your answer to the nearest cent.

Answer & Explanation Solved by verified expert

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