Question
C & C Sports Continuing Problem 4-33 C&C Sports has determined the following unit costs for each of its products: Pants Jerseys Jackets Direct materials
C & C Sports Continuing Problem 4-33
C&C Sports has determined the following unit costs for each of its products:
Pants | Jerseys | Jackets | |||||
Direct materials | $4.47 | $6.85 | $44.72 | ||||
Direct labor | 2.40 | 1.92 | 14.40 | ||||
Manufacturing overhead | 3.00 | 2.40 | 18.00 | ||||
Total unit cost | $9.87 | $11.17 | $77.12 | ||||
Sales price per unit | $12.00 | $14.80 | $125.00 |
On May 31, C&C Sports Work in Process Inventory consisted of the following items:
Job | Units | Accumulated Cost | ||||
PA-1247Pants | 100 | $717 | ||||
JE-1397Jerseys | 200 | 1,802 | ||||
JA 426Jackets | 50 | 3,046 | ||||
$5,565 |
During June, a total of $191,591 in direct materials and $74,208 in direct labor costs were incurred. Units finished and sold during June were as follows:
Product | Units Finished | Units Sold | ||||
Pants | 13,500 | 14,000 | ||||
Jerseys | 3,200 | 3,100 | ||||
Jackets | 2,500 | 2,500 |
Calculate the total manufacturing cost for June. (Round answer to 0 decimal places, e.g. 5,275.)
Total manufacturing cost |
Calculate the Cost of Goods Manufactured for June. (Round answer to 0 decimal places, e.g. 5,275.)
Cost of Goods Manufactured |
Calculate Cost of Goods Sold for June. (Round answer to 0 decimal places, e.g. 5,275.)
Cost of Goods Sold |
Calculate Gross Profit for June.
Gross Profit
|
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