Question
. Clydes Pets manufactures chewing bones for puppies. At the end of December 2008, his accounting records showed the following: Inventories Beginning Ending Materials Work
. Clydes Pets manufactures chewing bones for puppies. At the end of December 2008, his accounting records showed the following: Inventories Beginning Ending Materials Work in process Finished goods $13,500 0 0 $9,000 1,250 5,700 Other information: Direct material purchases Plant janitorial service Sales salaries expense Delivery expense Sales revenue $31,000 1,250 5,000 1,500 105,000 Utilities for plant Rent on plant Customer service hotline expense Direct labour $4,500 9,000 1,000 18,000 Requirements: i) Prepare a schedule of cost of goods manufactured for the year ended December 31, 2008 ii) Prepare an income statement for Clydes Pets for the year ended December 31, 2008 iii) Given that the company manufactured 17,500 units, of its product in 2008, compute the companys unit product cost for the year.
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