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Oriole Sports has determined the following unit costs for each of its products: Pants Jerseys Jackets Direct materials $7.00 $14.00 $46.00 Direct labor 4.00 3.60
Oriole Sports has determined the following unit costs for each of its products: Pants Jerseys Jackets Direct materials $7.00 $14.00 $46.00 Direct labor 4.00 3.60 22.00 Manufacturing overhead 5.00 4.50 27.50 Total unit cost $16.00 $22.10 $95.50 Sales price per unit $19.00 $26.30 $156.50 On May 31, Oriole Sports' Work in Process Inventory consisted of the following items: Job Units Accumulated Cost PA-1247Pants 100 $1,150 JE-1397Jerseys 200 3,700 JA 4267Jackets 50 3,425 $8,275 During June, a total of $235,400 in direct materials and $132,380 in direct labor costs were incurred. Units nished and sold during June were as follows: Product Units Finished Units Sold Pants 13,500 14,000 Jerseys 3,200 3,100 Jackets 2,500 2.500 (a) V Your answer is correct. Given that Oriole Sports uses direct labor dollars as its application base, what is the company's predetermined overhead rate? (Round answer to O decimal places, e.g. 15%.) Predetermined overhead rate 125 % eTextbook and Media Attempts: unlimited (b) V Your answer is correct. Calculate the total manufacturing cost for June. (Round answer to O decimal places, e.g. 5,275.) Total manufacturing cost $ 533,255 e Textbook and Media Attempts: unlimited (c)(c) V Your answer is correct. Calculate the Cost of Goods Manufactured for June. (Round answer to O decimal places, e.g. 5,275.) Cost of Goods Manufactured $ 525,470 e Textbook and Media Attempts: unlimited (d) Your answer is incorrect. Calculate the Ending Work in Process Inventory balance on June 30. (Round answer to O decimal places, e.g. 5,275.) Ending Work in Process Inventory balance $ eTextbook and Media Save for Later Attempts: unlimited Submit Answer (e)
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