Cost of Goods Manufactured

Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $123,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $156,000 and manufacturing overhead of $207,000. 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 1,900 sticks were completed during June. Round your answer to the nearest cent. per hockey stick