Question

Henry Co. has the following activity for their most recent year: $ 82,000.00 $ 28,000.00 $ 33,000.00 Direct material used Direct Labor Manufacturing overhead Work in Process: Beginning Ending Finished Goods Inventory: Beginning Ending $ 6,000.00 $ 7,000.00 $ 11,000.00 $ 14,000.00 They made 7,000 units and sold 5,000 units. What is the Cost Per Unit? Do not round until the final computation. Round to two decimal places and enter without dollar signs. Your Answer:

Answer 1

Direct material used	$82,000
Direct labor	28,000
Manufacturing overhead	33,000
Total manufacturing cost		$143,000
Beginning work in process		6,000
Ending work in process		(7,000)
Cost of goods manufactured		142,000

Cost per unit = $142,000 / 7,000 = 20.29 per unit