Question
Konrade Inc. expects to sell 30,000 athletic uniforms for $80 each in 2019. Direct materials costs are $20, direct manufacturing labour is $8, and manufacturing
Konrade Inc. expects to sell 30,000 athletic uniforms for $80 each in 2019. Direct materials costs are $20, direct manufacturing labour is $8, and manufacturing overhead is $6 for each uniform. Each uniform requires 2.0 square metres (sq. m.) of material which is all added at the start of production. The following inventory levels are expected to apply to 2019:
| Beginning inventory | Ending inventory |
Direct materials | 12,000 units | 9,000 units |
Work-in-process inventory | 0 units | 0 units |
Finished goods inventory | 6,000 units | 5,000 units |
What is the amount budgeted for cost of goods manufactured in 2019?
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