TOTAL PRODUCT COST AND PER-UNIT PRODUCT COST Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $24,000 were put into production. Direct labor of $40,000 (20 workers 3 100 hours 3 $20 per hour) was incurred. Manufacturing overhead equaled $56,000. By the end of the week, the company had manufactured 4,000 hockey sticks.

Required:

Calculate the total product cost for last week. Also, calculate the per-unit cost of one hockey stick that was produced last week.

Cornerstone Exercise