Jones Manufacturing Inc. Jones Manufacturing Inc. incurred the following costs in November:
In addition, the following information is also available:
Refer to the Jones Manufacturing Inc. information above. The product cost per unit in November is:

Question

Jones Manufacturing Inc. Jones Manufacturing Inc. incurred the following costs in November:
 In addition, the following information is also available:
 Refer to the Jones Manufacturing Inc. information above. The product cost per unit in November is:

Quizplus · Accepted Answer

To calculate the product cost per unit, we need to add up all the direct material costs, direct labor costs, and manufacturing overhead costs and divide by the number of units produced.
Total product cost = $13,000 + $8,500 + $9,000 = $30,500
Number of units produced = 5,000
Product cost per unit = $30,500 ÷ 5,000 = $5.75