Clarkson, Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2012: 

Requirements
1. Prepare a schedule of cost of goods manufactured.
2. What is the unit product cost if Clarkson manufactured 3,200 lamps for the year?

Transcribed Image Text:

Inventories: Materials Work in process Beginning $ 55,000 105,000 Ending $ 25,000 61,000 44,000 Finished goods 43,000 Other information: Depreciation: plant building and equipment $ 18,000 Materials purchases 150,000 Repairs and maintenance-plant $ 7,000 Indirect labor 33,000 Insurance on plant 28,000 Direct labor 127,000 Sales salaries expense 49,000 Administrative expenses $1,000