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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Related Book For
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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