Question
The XYZ Company makes computers. During the current month, materials of $800,000 were put into production. Direct labor of $500,000 was incurred. Rent on machines
The XYZ Company makes computers. During the current month, materials of $800,000 were put into production. Direct labor of $500,000 was incurred. Rent on machines paid was $60,000. Repairs on machines were $40,000. Wages to supervisors were $70,000. Selling and administrative expenses totaled $90,000 for the month and the company manufactured 12,000 computers. Assume there was no beginning inventory and that 9,000 computers were sold.
Required:
A. | Compute the per-unit product cost |
B. | Compute the per-unit prime cost |
C. | Compute the per-unit conversion cost |
D. | What is cost of goods sold for the month? |
E. | What is the cost of ending finished goods for the month? |
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