Reference no: EM132591132

Acme, Inc. manufactures a single product. During January, 5,800 units of product were manufactured, and 5,300 units of the product were sold. There were no beginning inventories. During January, the following costs were incurred:

Raw Materials                      $ 75,590

Direct Labor                        153,700

Manufacturing Overhead         59,900

Selling Expenses                    41,200

Administrative Expenses         18,200

Interest Expense                     8,250

Question 1: Calculate the total cost of goods manufactured during January, and the average cost of a single unit of the product.

Question 2: Calculate the cost of goods sold during January.

Question 3: Calculate the ending finished goods inventory for January.