Question
Acme, Inc. manufactures a single product. During January, 5,800 units of product weremanufactured, and 5,300 units of the product were sold.There were no beginning inventories.During
Acme, Inc. manufactures a single product. During January, 5,800 units of product weremanufactured, and 5,300 units of the product were sold.There were no beginning inventories.During January, the following costs were incurred:
Raw Materials
$75,590
Direct Labor
153,700
Manufacturing Overhead
59,900
Selling Expenses
41,200
Administrative Expenses
18,200
Interest Expense
8,250
Calculate the total cost of goods manufactured during January, and the average cost of a single unit of the product.
Calculate the cost of goods sold during January.
Calculate the ending finished goods inventory for January.
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