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The Montreal Manufacturing Company incurred the following costs for the month of June:
Materials used:
Direct materials
$6,600
Indirect materials
1,200
Payroll costs incurred:
Direct labor
6,000
Indirect labor
1,700
Salaries:
Production
2,400
Administration
5,100
Sales
3,200
Other costs:
Building rent (production uses one-half of the building space)
1,400
Rent for molding machine (*per month, plus $0.50 per unit produced)
400*
Royalty paid for the use of production patents
(calculation based on units produced, $0.80 per unit) Indirect miscellaneous costs:
2,700
Sales and administration
1,800
The beginning work-in-process inventory was $6,000; the ending work-in-process inventory was $5,000. Assume that 1,000 units were produced during the month.
1. Prepare a statement of cost of goods manufactured for the month.
2. Compute the cost to manufacture one unit of product.
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