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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
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 $437,000. Suppose that on June 1, Slapshot had 350 units in finished goods inventory costing $80,000 and on June 30, 370 units in finished goods inventory costing $84,000.
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 | |
Cost of goods manufactured | $ |
Finished goods inventory, June 1 | |
Finished goods inventory, June 30 | |
Cost of goods sold | $ |
2. Calculate the number of sticks that were sold during June. units
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