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Calculate the cost of goods manufactured

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Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $122,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $171,000 and manufacturing overhead of $245,000. Inventory information is as follows:

                                                            June1
Materials $48,000 $45,000
Work in process 65,000 63,000

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. Round your answer to the nearest cent. $ ______per hockey stick

Reference no: EM131785423

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