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Answer is complete but not entirely correct. Exercise 16.5 (Algo) Preparing a Schedule of the Cost of Finished Goods Manufactured (L016-6) Complete this question by
Answer is complete but not entirely correct. Exercise 16.5 (Algo) Preparing a Schedule of the Cost of Finished Goods Manufactured (L016-6) Complete this question by entering your answers in the tabs below. The accounting records of Nutronics, Inc., include the following information for the year ended December 31. Required A Required B Jan. 1 $ 20,000 12,000 88,888 Inventory of materials Inventory of work in process Inventory of finished goods Direct materials used Direct labor Selling expenses General and administrative expenses Dec. 31 $ 24,000 8,000 90,000 210,000 135,000 170,000 140,000 Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) Overhead assigned to production was $192,000. a. Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) b. Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product? Nu Tronics, Inc. Schedule of the Cost of Finished Goods Manufactured For the Year Ended December 31 Work in process, December 31 X $ 24,000 Manufacturing costs assigned to production: Direct materials used $ 210,000 Direct labor 210,000 Manufacturing overhead 192,000 Cost of goods sold x 170.000 X Total manufacturing costs 782,000 Total cost of all goods in process during the year $ 806,000 Less: Work in process inventory, January 1 X 24,000 X Cost of finished goods manufactured $ 782,000 Complete this question by entering your answers in the tabs below. Required A Required B Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product? (Round your answer to 2 decimal places.) Average cost per-unit
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