Q7

Joe Barker is the production manager of Motors and More Manufacturing (MMM) and he has been asked to prepare 2012's ending finished goods budget for the S222 product. Based on historical figures, Joe determines the following information regarding direct materials, direct labor and manufacturing overhead for the S222 product. Direct Materials Costs per Unit $0.90 per unit Direct Labor Cost per Direct Labor Hour (DLH) $11.00 per DLH DLH per Unit 0.45 DLH per unit Predetermined Manufacturing Overhead Rate $3.00 per DLH Assume MMM targets 5, 500 units of S222 for ending inventory at the end of 2012. Calculate the value of S222 inventory that will be recorded in 2012's budgeted balance sheet. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Unit Cost: $ Ending Finished Goods Inventory - S222: $