Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $122,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $171,000 and manufacturing overhead of $245,000. Inventory information is as follows:
|
June1
|
| Materials |
$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 18,000 sticks were completed during June. Round your answer to the nearest cent. $ ______per hockey stick