Question
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
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 $177,000 and manufacturing overhead of $237,000. Inventory information is as follows:
June 1 | June 30 | ||
Materials | $48,000 | $45,000 | |
Work in process | 65,000 | 63,000 |
Required:
Calculate the cost of goods manufactured for the month of June.
caluclate late 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
Cost of Goods Sold
Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured of $536,000. Suppose that on June 1, Slapshot had 660 units in finished goods inventory costing $160,000 and on June 30, 930 units in finished goods inventory costing $215,000.
. Prepare a cost of goods sold statement for the month of June.
Slapshot Company | |
Cost of Goods Sold Statement | |
For the Month of June | |
$fill in the blank e04f39f5d01b004_2 | |
fill in the blank e04f39f5d01b004_4 | |
fill in the blank e04f39f5d01b004_6 | |
$fill in the blank e04f39f5d01b004_8 |
Calculate the number of sticks that were sold during June.
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