Brief Exercise 2-21. Direct Materials Used in Production Objective 3. Example 2.3 Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $48,000 of materials in inventory. During the month of June the company purchased $132,000 of materials. On June 30, materials inventory equaled $45,000. Required: HI Calculate the direct materials used in production for the month of June. Brief Exercise 2-22. Cost of Goods Manufactured Objective 3. Example 2.4 Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $132,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $113,000 and manufacturing overhead of $187,000. Inventory information is as follows: # June 1 June 30 $48,000 $45,000 65,000 63,000 Required: 1. Calculate the cost of goods manufactured for the month of March. 2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during March. Materials Work in process Brief Exercise 2-23. Cost of Goods Sold Objective 3. Example 2.5 Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured of $437,000. Suppose that on June 1, Slapshot had 350 units in finished goods inventory costing $80,000 and on June 30, 370 units in finished goods inventory costing $84,000. 1 Required: 1. Prepare a cost of goods sold statement for the month of June. 2. Calculate the number of sticks that were sold during June