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Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $121,000 of materials. Also during the month
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Cost of Goods Manufactured
Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $121,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $153,000 and manufacturing overhead of $223,000. 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
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