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 $511,000. Suppose that on June 1, Slapshot had 690 units in finished goods inventory costing $160,000 and on June 30, 930 units in finished goods inventory costing $215,000.

Question Content Area

1. Prepare a cost of goods sold statement for the month of June.

Slapshot Company Cost of Goods Sold Statement For the Month of June

A, Cost of goods manufactured

B. Cost of goods sold

C. Cost of goods inventory, June1

D. Work in process, June 30th

$_______

2. Calculate the number of sticks that were sold during June. ___________ units