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Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $129,000 of materials. Also during the month
Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $129,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $157,000 and manufacturing overhead of $211,000. Inventory information is as follows: Materials June 1 $48,000 65,000 June 30 $45,000 63,000 Work in process 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 Direct Materials used in Production Slapshot Company makes ice hockey sticks. On June 1, Slapshot had $47,000 of materials in Inventory. During the month of June, the company purchased $116,000 of materials. On June 30, materials inventory equaled $59,000. Required: Calculate the direct materials used in production for the month of June
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