Question
Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured of $486,000. Suppose that
Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured of $486,000. Suppose that on June 1, Slapshot had 650 units in finished goods inventory costing $160,000 and on June 30, 930 units in finished goods inventory costing $215,000.
a cost of goods sold statement for the month of June.
Slapshot CompanyCost of Goods Sold StatementFor the Month of June
$
$
2.Calculate the number of sticks that were sold during June.
Cost of Goods Manufactured
Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $125,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $166,000 and manufacturing overhead of $232,000. Inventory information is as follows:
June 1June 30Materials$48,000$45,000Work in process65,00063,000
Required:
1.Calculate the cost of goods manufactured for the month of June.
$
2.Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June. Round your answer to the nearest cent.
$per hockey stick
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