User Account

All Pages

Prepare a cost of goods sold statement for the month of june

Assignment Help Accounting Basics
Reference no: EM131662922

Question: Cost of Goods Sold Slapshot Company makes ice hockey sticks. During the month of June, 18,000 sticks were completed at a cost of goods manufactured of $540,000. Suppose that on June 1, Slapshot had 5,000 units in finished goods inventory costing $160,000 and on June 30, 7,000 units in finished goods inventory costing $215,000.

Required: 1. Prepare a cost of goods sold statement for the month of June.

2. Calculate the number of sticks that were sold during June.

                            June 1             June 30

Materials               $42,000            $51,000

Work in process        60,000             71,000

Reference no: EM131662922

Questions Cloud

Evaluate the project scope : Note that you will need to conduct further research on the project using the Internet as a resource in order to address all aspects of this assignment.
Medical diagnoses are primarily concerned with pathology : Dependent upon medical diagnoses for the direction of appropriate interventions
What is total product cost for last month : Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $7,000 Direct labor 3,000 Manufacturing.
What are positive results of affirmative action legislation : What are the positive and negative results of Affirmative Action legislation? What did the landmark Bakke v. Regents case conclude?
Prepare a cost of goods sold statement for the month of june : Cost of Goods Sold Slapshot Company makes ice hockey sticks. During the month of June, 18,000 sticks were completed at a cost of goods manufactured of $540,000.
Discuss how you would monitor for efficacy and toxicity : Is there a better medication than a thiazide, and if so what dose should you initiate this medication
What is the most confusing aspect of using hootsuite : What is the most confusing aspect of using Hootsuite? How can you overcome this?What can this tool do for your brand that traditional means cannot?
Calculate the cost of goods manufactured : Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $126,000 of materials.
Define different perspectives of academics and theoreticians : The "theory-practice gap," as some have called it, has prevented our profession from full utilization of its knowledge base in practice

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd