Question
Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured of $546,000. 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 $546,000. 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.
1. Prepare a cost of goods sold statement for the month of June.
Slapshot Company | |
Cost of Goods Sold Statement | |
For the Month of June *Cost of goods manufactured *Cost of goods sold *Cost of goods inventory, June 1 *Work in process, June 30 | |
*______ $ _____ | |
*_____ $ ______ | |
*______ $ _______ | |
*_____ $ ________ |
2. Calculate the number of sticks that were sold during June. units
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started