Lenox Solvents manufactures a special fluid at its Hazelridge plant. Operating data for June follow. Materials$ 2,499,000Labor214,200Manufacturing overhead857,800 The Hazelridge plant produced 1,070,000 liters in June. The plant never has any beginning or ending inventories. Required: Compute the cost per liter of liquid produced in June. Note: Round your answer to 2 decimal places.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Lenox Solvents manufactures a special fluid at
its Hazelridge plant. Operating data for June
follow.
Materials$ 2,499,000Labor214,200Manufacturing
overhead857,800
The Hazelridge plant produced 1,070,000 liters
in June. The plant never has any beginning or
ending inventories.
Required:
Compute the cost per liter of liquid produced in
June.
Note: Round your answer to 2 decimal places.
Transcribed Image Text:Lenox Solvents manufactures a special fluid at its Hazelridge plant. Operating data for June follow. Materials$ 2,499,000Labor214,200Manufacturing overhead857,800 The Hazelridge plant produced 1,070,000 liters in June. The plant never has any beginning or ending inventories. Required: Compute the cost per liter of liquid produced in June. Note: Round your answer to 2 decimal places.
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