1.) Cost of Goods Sold

Slapshot Company makes ice hockey sticks. During the month of June, 18,000 sticks were completed at a cost of goods manufactured of $499,000. Suppose that on June 1, Slapshot had 4,500 units in finished goods inventory costing $160,000 and on June 30, 7,000 units in finished goods inventory costing $215,000.

1. Prepare a cost of goods sold statement for the month of June.

Slapshot Company
Cost of Goods Sold Statement
For the Month of June
	$fill in the blank
	fill in the blank
	fill in the blank
	$fill in the blank

2. Calculate the number of sticks that were sold during June. fill in the blank

2.

Prime Cost and Conversion Cost

Grin Company manufactures digital cameras. In January, Grin produced 2,500 cameras with the following costs:

Direct materials	$760,000
Direct labor	144,000
Manufacturing overhead	672,000

There were no beginning or ending inventories of WIP.

Required:

If required, round your answers to the nearest cent.

1. What was the total prime cost in January? $

2. What was the prime cost per unit in January? ---------per unit

3. What was the total conversion cost in January? -------per unit

4. What was the conversion cost per unit in January? -----per unit

3.

Product Cost in Total and Per Unit

Grin Company manufactures digital cameras. In January, Grin produced 2,250 cameras with the following costs:

Direct materials	$400,000
Direct labor	80,000
Manufacturing overhead	320,000

There were no beginning or ending inventories of WIP.

Required:

1. What was total product cost in January? $----------

2. What was product cost per unit in January? Round your answer to the nearest cent. $------per unit