The T & T Company makes fishing rods. During the current month, direct materials costing $126,000 were put into production. Direct labour costs of $110,000 were incurred and manufacturing overhead equalled $100,000. Selling and administrative expenses totalled $66,000 for the month, and the company manufactured 3,500 fishing rods. Assume there was no beginning inventory and that 3,000 fishing rods were sold.
Required:
A. Calculate the per-unit product cost.
B. Calculate the per-unit prime cost.
C. Calculate the per-unit conversion cost.
D. Calculate cost of goods sold for the month?
E. Calculate the cost of ending finished goods for the month?

Question

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The Answer of The T & T Company makes fishing rods. During the current month, direct materials costing $126,000 were put into production. Direct labour costs of $110,000 were incurred and manufacturing overhead equalled $100,000. Selling and administrative expenses totalled $66,000 for the month, and the company manufactured 3,500 fishing rods. Assume there was no beginning inventory and that 3,000 fishing rods were sold.
Required:
A. Calculate the per-unit product cost.
B. Calculate the per-unit prime cost.
C. Calculate the per-unit conversion cost.
D. Calculate cost of goods sold for the month?
E. Calculate the cost of ending finished goods for the month?

The T & T Company Makes Fishing Rods