Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $128,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $178,000 and manufacturing overhead of $209,000. Inventory Information is as follows: June 1 June 30 Materials $48,000 65,000 $45,000 63,000 Work in process Required: 1. Calculate the cost of goods manufactured for the month of June. 437,000 x 2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June. Round your answer to the nearest cent. 230 X per hockey stick 1. Set up T account for direct materials and work in process accounts (inventory accounts) for month of June. Add direct materials purchases to calculate Direct materials used in production. Add direct materials used in production, direct labor and overhead to work in process. 2. Divide cost of goods manufactured by the number of sticks completed