Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $125,000 of materials. Also, during the month of June, Slapshot Company incurred a direct labor cost of $166,000 and a manufacturing overhead of $232,000. Inventory information is as follows: Materials June 1 June 30 $48,000 $45,000 Work in process 65,000 63,000 Required: 1. Calculate the cost of goods manufactured for the month of June. 2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June.
Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $125,000 of materials. Also, during the month of June, Slapshot Company incurred a direct labor cost of $166,000 and a manufacturing overhead of $232,000. Inventory information is as follows: Materials June 1 June 30 $48,000 $45,000 Work in process 65,000 63,000 Required: 1. Calculate the cost of goods manufactured for the month of June. 2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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![Slapshot Company makes ice hockey sticks. During the month of June, the company purchased
$125,000 of materials. Also, during the month of June, Slapshot Company incurred a direct labor
cost of $166,000 and a manufacturing overhead of $232,000. Inventory information is as follows:
Materials
June 1 June 30
$48,000 $45,000
Work in process 65,000 63,000
Required:
1. Calculate the cost of goods manufactured for the month of June.
2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcde5b51b-db75-4182-8926-efc8ee4f15aa%2F6c6d1007-c047-4fb2-926c-ce473b072dd8%2F06zeje7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Slapshot Company makes ice hockey sticks. During the month of June, the company purchased
$125,000 of materials. Also, during the month of June, Slapshot Company incurred a direct labor
cost of $166,000 and a manufacturing overhead of $232,000. Inventory information is as follows:
Materials
June 1 June 30
$48,000 $45,000
Work in process 65,000 63,000
Required:
1. Calculate the cost of goods manufactured for the month of June.
2. Calculate the cost of one hockey stick assuming that 1,900 sticks were completed during June.
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