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Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
Edition 4ISBN: 978-0324380767 Exercise 43
Cost of Goods Manufactured
Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $126,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $165,000 and manufacturing overhead of $215,000. 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 18,000 sticks were completed during June.
Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $126,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $165,000 and manufacturing overhead of $215,000. 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 18,000 sticks were completed during June.
Explanation
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Cost of goods manufactured is the cost i...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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