Goochland Corporation budgeted its April sales at 3,500 units. The initial finished goods inventory consisted of 2,000 units, but Goochland wanted 3,000 finished units to be ready by the end of April. The direct material inventory consisted of 800 starting units and Goochland wanted an ending balance of 1,400 units. Each finished unit required 2 units of direct materials and 1 hour of direct labor. Direct materials cost $3.00 per unit, direct labor costs $11.00 per hour, and factory overhead is $7.00 per direct labor hour. Roland has no running jobs at the beginning or end of the month. 

What is the estimated cost of goods produced for the month of April?

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SOLUTION To determine the estimated cost of goods produced for the month of April we need to conside... View the full answer