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Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $126,000 of materials. Also during the month of June, Slapshot Company
Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $126,000 of materials. Also during the month of June, Slapshot Company incurred direct labour cost of $158,000 and manufacturing overhead of $234,000. Inventory information is as follows:
June 1 | June 30 | |
Materials | $42,000 | $51,000 |
Work in process | 60,000 | 71,000 |
Required:
1. Calculate the cost of goods manufactured for the month of June. $fill in the blank 1
2. Calculate the cost of one hockey stick assuming that 18,000 sticks were completed during June. Round your answer to the nearest cent. $fill in the blank 2per hockey stick
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