Dec. 31 Jan. 1 Inventory of materials $ 24,000 $ 20,000 Inventory of work in process 8,000 12,000 Inventory of finished goods 90,000 80,000 Direct materials used 210,000 Direct labor 120,000 Selling expenses 170,000 General and administrative expenses 140,000 Overhead assigned to production was $192,000. Assume that the company manufactures a single product and that 20,000 un
Dec. 31 Jan. 1 Inventory of materials $ 24,000 $ 20,000 Inventory of work in process 8,000 12,000 Inventory of finished goods 90,000 80,000 Direct materials used 210,000 Direct labor 120,000 Selling expenses 170,000 General and administrative expenses 140,000 Overhead assigned to production was $192,000. Assume that the company manufactures a single product and that 20,000 un
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 27E: Selected information concerning the operations of a company for the year ended December 31 is as...
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The accounting records of NuTronics, Inc., include the following information for the year ended December 31.
Dec. 31 | Jan. 1 | |||||||
Inventory of materials | $ | 24,000 | $ | 20,000 | ||||
Inventory of work in process | 8,000 | 12,000 | ||||||
Inventory of finished goods | 90,000 | 80,000 | ||||||
Direct materials used | 210,000 | |||||||
Direct labor | 120,000 | |||||||
Selling expenses | 170,000 | |||||||
General and administrative expenses | 140,000 | |||||||
Overhead assigned to production was $192,000.
Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product?
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