Question
THE PRODUCT IS ECO-REFILL CLEANSERS 5.a. During June, let's suppose that the cost of your beginning inventory was $20,000 and ending inventory equalled $8,000, and
THE PRODUCT IS ECO-REFILL CLEANSERS
5.a. During June, let's suppose that the cost of your beginning inventory was $20,000 and ending inventory equalled $8,000, and you purchased materials to produce 400 units of your product.Calculate the cost of direct materials purchased and used in production in June.(Note that, from question 5 to 9, you can adjust the units sold to 1,000 depending on a prospect about your product)
Total fixed costs $9100
5.b. During June, the cost of your beginning work in process was $10,000, and ending was $15,000.Calculate the cost of goods manufactured using a cost of goods manufactured statement/schedule (for 400 units of your product) in June.
5.c. During June, the cost of your beginning finished goods was $40,000 and ending finished goods equalled $10,000.Make a cost of goods sold statement for the month of June for 400 units produced and sold to customers.
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