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With this Accounting question. #2 George's Garage incurred the following costs during May: Raw Material $30,000 Direct Labor $105,000 Manufacturing Overhead $45,000 Selling Expense $35,000
With this Accounting question. #2 George's Garage incurred the following costs during May: Raw Material $30,000 Direct Labor $105,000 Manufacturing Overhead $45,000 Selling Expense $35,000 Administration Expense $21,000 Interest Expense $15,200 Finished Goods Inventory May 1 $1,600 Finished Goods Inventory May 31 $2,500 During the month, 6,000 units of product were manufactured and 5,500 units of product were sold. On May 1, George's carried no raw material inventories. (a.) Calculate the cost of goods manufactured during May and the average cost per unit of product manufactured. Use correct statement format. (b.) Calculate the cost of goods sold during May. Use correct statement format
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