Question - Algo Davis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for November:
Molding Grinding Finishing
Direct Materials $143,900 $14,400 $9,400
Direct Labor 14,300 33,500 23,300
Applied Overhead 18,500 136,400 18,800
During November, 9,600 components were completed. There is no beginning or ending WIP in any department.
Required:
1. Make a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost.
2. Calculate the unit cost. (Round the unit cost to two decimal places.)