Reference no: EM132866957

Question - During the month, 6,000 units of product were manufactured and 5,500 units of product were sold. On July 1, Marge carried no inventories.

a) Calculate the cost of goods manufactured during July and the average cost per unit of product manufactured

b) cost of goods sold

c) Where in the financial statements will the difference between cost of goods manufactured and cost of goods sold be classified?

Raw Materials 45000

Direct labor 115000

Manufactur OH 56000

Selling expense 35400

Admin expense 22600

Interest expense 12500

*cost for July