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Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $128,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $172,000 and manufacturing overhead of $232,000. Inventory information is as follows:

Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $128,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $172,000 and manufacturing overhead of $232,000. Inventory information is as follows:

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 30BEB: 2-30 Cost of Goods Manufactured Morning Smiles Coffee Company manufactures Stoneware French Press...
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Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $128,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $172,000 and manufacturing overhead of $232,000. Inventory Information is as follows: Materials Work in process Required: June 1 $48,000 65,000 June 30 $45,000 63,000 1. Calculate the cost of goods manufactured for the month of June. 663,000 X 2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June. Round your answer to the nearest cent. 348.95 X per hockey stick
Transcribed Image Text:Cost of Goods Manufactured Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $128,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $172,000 and manufacturing overhead of $232,000. Inventory Information is as follows: Materials Work in process Required: June 1 $48,000 65,000 June 30 $45,000 63,000 1. Calculate the cost of goods manufactured for the month of June. 663,000 X 2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June. Round your answer to the nearest cent. 348.95 X per hockey stick
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