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QUESTION 7 In its first month of business, Soles for Souls, Inc., started and completed 5,000 shoes and sold 4,000 shoes during the month.

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QUESTION 7 In its first month of business, Soles for Souls, Inc., started and completed 5,000 shoes and sold 4,000 shoes during the month. Its cost for the month included: Advertising Costs Direct materials per shoe $600 $1 Direct labor per shoe Allocated Manufacturing Overhead $1 $1,000 Sales Manager's Salary $6,000 Calculate Soles for Soul's cost of goods manufactured for the month.

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