Solution-Find the number of units manufactured cost

Find the number of units manufactured cost

Reference no: EM13512909

The Shim Refrigerator Co. shows the following records for the period ended December 31, 19A:

Materials purchased	$ 550,000
Inventories, Jan. 1, 19A:
Materials	$ 20,000
Work-in-process	$ 200,000
Finished goods	1,000 units
Direct labor	$1,050,000
Factory overhead (40% variable)	$ 750,000
Selling expenses (all fixed)	$ 500,750
General and administrative (all fixed)	$ 385,230
Sales (7,500 units at $535)
Inventories, Dec. 31, 19A:
Materials	$ 50,000
Work-in-process	$ 100,000
Finished goods	1,000 units

Assume that finished goods inventories are valued at the current unit manufacturing cost.

1. Prepare a schedule of cost of goods manufactured.

2. Find the number of units manufactured and unit manufacturing cost.

3. Prepare an income statement for the period.

4. Find the total variable and fixed costs.

Reference no: EM13512909

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Find the number of units manufactured cost

Reference no: EM13512909

Reference no: EM13512909

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