Solution-Compute the cost of goods sold per unit

Compute the cost of goods sold per unit

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Reference no: EM132759667

Problem - Lucy Sportswear manufactures a specialty line of T-shirts using a job order cost system. During March, the following costs were incurred in completing Job ICU2: direct materials, $13,700; direct labor, $4,800; administrative, $1,400; and selling, $5,600. Factory overhead was applied at the rate of $25 per machine hour, and Job ICU2 required 800 machine hours. If Job ICU2 resulted in 7,000 good shirts, compute the cost of goods sold per unit?

a. $5.70.

b. $6.50.

c. $5.50.

d. $6.30

Reference no: EM132759667

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Compute the cost of goods sold per unit

Reference no: EM132759667

Reference no: EM132759667

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