Answer the following questions using the information below:
Beat, Inc., expects to sell 60,000 athletic uniforms for $80 each in 2012. Direct materials costs are $20, direct manufacturing labor is $8, and manufacturing overhead is $6 for each uniform. The following inventory levels apply to 2011:

-What is the amount budgeted for cost of goods sold in 2012?

Question

Answer the following questions using the information below:
Beat, Inc., expects to sell 60,000 athletic uniforms for $80 each in 2012. Direct materials costs are $20, direct manufacturing labor is $8, and manufacturing overhead is $6 for each uniform. The following inventory levels apply to 2011:
 
-What is the amount budgeted for cost of goods sold in 2012?

Quizplus · Accepted Answer

To calculate the cost of goods sold, we need to multiply the expected number of units sold (60,000) by the total cost per unit, which is the sum of direct materials cost, direct manufacturing labor, and manufacturing overhead ($20 + $8 + $6 = $34).
Cost of goods sold = 60,000 × $34 = $2,040,000
Therefore, the correct answer is C.

Answer the Following Questions Using the Information Below