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Calculate the cost of goods manufactured

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Question: 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:

                            June 1             June 30

Materials               $42,000            $51,000

Work in process        60,000             71,000

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.

Reference no: EM131662919

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