Bingimton Company provided the following information for last month.There were no beginning and ending inventories.
$\begin{array}{lr}
\text { Production in units } & 1,000 \
\text { Direct materials cost } & \$ 3,000 \
\text { Direct labour cost } & \$ 4,000 \
\text { Overhead cost } & \$ 7,600 \
\text { Sales commission per unit sold } & \$ 2 \
\text { Price per unit sold } & \$ 24 \
\text { Fixed selling and admini strative expense } & \$ 5,000
\end{array}$
-Refer to the Figure.What is Bingimton cost of goods sold per unit?

Question

Bingimton Company provided the following information for last month.There were no beginning and ending inventories.
 $\begin{array}{lr}
\text { Production in units } & 1,000 \
\text { Direct materials cost } & \$ 3,000 \
\text { Direct labour cost } & \$ 4,000 \
\text { Overhead cost } & \$ 7,600 \
\text { Sales commission per unit sold } & \$ 2 \
\text { Price per unit sold } & \$ 24 \
\text { Fixed selling and admini strative expense } & \$ 5,000
\end{array}$
-Refer to the Figure.What is Bingimton cost of goods sold per unit?

Quizplus · Accepted Answer

Cost of Goods Sold (COGS) per unit is calculated by adding the direct materials cost, direct labor cost, and overhead cost, then dividing by the number of units produced. COGS per unit = ($3,000 + $4,000 + $7,600) / 1,000 units = $14.60.

Bingimton Company Provided the Following Information for Last Month -Refer to the Figure