Cost of Goods Manufactured

Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $130,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $174,000 and manufacturing overhead of $250,000. Inventory information is as follows:

		June 1	June 30
Materials		$48,000	$45,000
Work in process		65,000	63,000

Required:

1. Calculate the cost of goods manufactured for the month of June. $____________.

2. Calculate the cost of one hockey stick assuming that 18,000 sticks were completed during June. Round your answer to the nearest cent. $___________per hockey stick.