Reference no: EM132379499

Question

Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured of $486,000. Suppose that on June 1, Slapshot had 650 units in finished goods inventory costing $160,000 and on June 30, 930 units in finished goods inventory costing $215,000.

Aa cost of goods sold statement for the month of June.

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

Cost of Goods Manufactured

Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $125,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $166,000 and manufacturing overhead of $232,000. Inventory information is as follows:

June 1June 30Materials$48,000 $45,000 Work in process65,000 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 1,900 sticks were completed during June. Round your answer to the nearest cent.