Lenox Solvents manufactures a special fluid at its Hazelridge plant. Operating data for June follow. Materials Labor Manufacturing overhead $ 2,499,000 214,200 859,800 The Hazelridge plant produced 1,110,000 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. Cost per liter
Lenox Solvents manufactures a special fluid at its Hazelridge plant. Operating data for June follow. Materials Labor Manufacturing overhead $ 2,499,000 214,200 859,800 The Hazelridge plant produced 1,110,000 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. Cost per liter
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Lenox Solvents manufactures a special fluid at its Hazelridge plant. Operating data for June follow.
Materials
Labor
Manufacturing overhead
$ 2,499,000
214,200
859,800
The Hazelridge plant produced 1,110,000 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.
Cost per liter
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