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Exercise 16.5(Algo) preparing a schedule cost of finished goods manufactured (LO16-6) the accounting records of Nutronics, inc include the following information for the year ended
Exercise 16.5(Algo) preparing a schedule cost of finished goods manufactured (LO16-6) the accounting records of Nutronics, inc include the following information for the year ended Dec31 inventory of materials dec 31 $24,000 jan 1st $20,000 inventory of work process dec 31 $8000 jan 1st $12,000 inventory of finished goods dec31, $90.000 jan 1st $80,000 direct materials used dec 31 ,$210,000 direct labor dec 31 $125,000 selling expenses dec 31 $ 170,000 general and administrative expenses dec 31 $140,000 overhead assigned to production was$ 192,000 a. Prepare a schedule of cost finished goods manufactured (not all data given above are used in this schedule. b. assume that the company manufactures a single product and that 20,000 units were complete during the year what is the average per unit cost of manufacturing this product
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