Flat Water Boating Company produces standup paddleboards.The company uses a job order costing system.During the period, the company incurred the following costs to complete job #322: direct materials, $52,000 and direct labor, $37,000.The company also incurred $14,000 of administrative costs and $8,000 of selling costs to complete this job.Job #322 required 1,600 machine hours.Factory overhead was applied to the job at a rate of $25 per machine hour.If job #322 resulted in 150 paddleboards, what was the Cost of Goods Sold per paddleboard?

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The Answer of Flat Water Boating Company produces standup paddleboards.The company uses a job order costing system.During the period, the company incurred the following costs to complete job #322: direct materials, $52,000 and direct labor, $37,000.The company also incurred $14,000 of administrative costs and $8,000 of selling costs to complete this job.Job #322 required 1,600 machine hours.Factory overhead was applied to the job at a rate of $25 per machine hour.If job #322 resulted in 150 paddleboards, what was the Cost of Goods Sold per paddleboard?

Flat Water Boating Company Produces Standup Paddleboards