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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 31
Cost of Goods Manufactured
Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $132,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $113,000 and manufacturing overhead of $187,000. Inventory information is as follows:
Required:
1. Calculate the cost of goods manufactured for the month of June.
2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June.
Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $132,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $113,000 and manufacturing overhead of $187,000. Inventory information is as follows:
Required:
1. Calculate the cost of goods manufactured for the month of June.
2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June.
Explanation
Verified
Verified
Cost of goods manufactured:
Cost of goo...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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