Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $132,000 of materials.

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Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $132,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $113,000 and manufacturing overhead of $187,000. Inventory information is as follows:

June 1 June 30

Materials...............$48,000.........$45,000

Work in process.........65,000...........63,000

Required:

1. Calculate the cost of goods manufactured for the month of June.

2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June.

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Managerial Accounting The Cornerstone of Business Decision Making

ISBN: 978-1337115773

7th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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