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Brandon's Boards makes reasonably high-end skateboards which sell for $550 each. The production process is...

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Accounting

Brandon's Boards makes reasonably high-end skateboards which sell for $550 each. The production process is fairly simple and involves assembling components purchased from various suppliers. Since each skateboard only takes two hours to assemble, there is essentially no work-in-process inventory.Costs for the skateboard components are:DeckTrucksWheelsBearingsBolts, etc.Hardware package - net$50.00550.0040.0035.0015.00Total140.00$190.00Each board should take two hours of direct labor to assemble. Direct labor wages are $55 per hour.Other indirect manufacturing costs on a monthly basis are budgeted to be:RentInsuranceUtilitiesMiscellaneous$2,800508200500$4,008Inventory balances are as follows (Brandon's uses FIFO inventory cost flow assumption):Decks1/1/2024Units350Dollars$15,75012/31/2024340< BudgetedHardware Package1/1/2024360S46.80012/31/2024340< BudgetedFinished skateboards 1/1/2024300$82,50012/31/2024330< Budgeted

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