10) The Flannigan Factory was recently formed to product a specialized part that forms and essential part to go on a refrigerator. The direct materials are added at the start of the production process...

10) The Flannigan Factory was recently formed to product a specialized part that forms and essential part to go on a refrigerator. The direct materials are added at the start of the production process while conversion costs are added uniformly throughout the production process. December is Flannigan's first month of operations; and, therefore, there was no beginning inventory. Direct materials cost for the month totaled $1,200,000, while conversion costs equaled $1,600,000. The accounting records indicate that 500,000 parts were started in December and 400,000 parts were completed.

Ending inventory was 30% complete as to conversion costs.

Required:

a.What is the total manufacturing cost per part for December?

b.Allocate the total costs between the completed parts and the parts in ending inventory.