Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $126,000 of materials. Also during the month of June, Slapshot Company incurred direct labor cost of $165,000 and manufacturing overhead of $215,000. Inventory information is as follows:

Required:
1. Calculate the cost of goods manufactured for the month of June.
2. Calculate the cost of one hockey stick as summing that 18,000 sticks were completed during June.

Transcribed Image Text:

Materials Work in process June June 30 $42,000 $51,000 60,000 71,000