Question
The XYZ Company makes furniture. During the current month, direct materials costing $200,000 were put into production. Direct labor of $100,000 was incurred and overhead
The XYZ Company makes furniture. During the current month, direct materials costing $200,000 were put into production. Direct labor of $100,000 was incurred and overhead equaled $150,000. Selling and administrative expenses totaled $80,000 for the month and the company manufactured 2,000 pieces of furniture. Assume there was no beginning inventory and that 1,900 pieces of furniture 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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