4) Paul's company makes ice hockey sticks. During the month of June, the company purchased $132,000 of materials. Also, during the month of June, Paul's company incurred direct labor cost of S113,000 and manufacturing overhead of $187,000. Inventory information is as follows: June 1 Materials Work in process $48,000 65,000 June 30 $45,000 63,000 Required: a) Calculate the cost of goods manufactured for the month of June. $271000 b) Calculate the cost of one hockey stick if 1,900 sticks were completed during June. W.W Philips company produced 4,000 leather recliners during the year. These recliners sell for S400 each. Philips had 500 rccliners in finished goods inventory at the beginning of the year. At the end of the year, there were 700 recliners in finished goods inventory; Philips accounting records provide the following information S320,000 46,800 Purchase of raw materials Beginning material inventory Ending material inventory Direct labor Indirect labor Rent, factory building Depreciation, factory equipment Utilities, factory Salaries, sales supervisor Commissions, sales persons General administration 66,800 200,000 40,000 42,000 60,000 11,900 90,000 180,000 300,000 13040 14940 Beginning work in process inv. Ending work in process Beginning finished goods inventory Ending finished goods inventory 80,000 114,100