The accounting records of NuTronics, Inc., include the following information for the year ended December...
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Accounting
The accounting records of NuTronics, Inc., include the following information for the year ended December 31.
Dec. 31Jan. 1
Inventory of materials $24,000
Inventory of work in process 8,000
Inventory of finished goods 90,000
Direct materials used 210,000
Direct labor 118,000
Selling expenses 170,000
General and administrative expenses 140,000
Jan. 1
inventory of materials $20,000
Inventory of work in process $12,000
inventory of finished goods $80,000
Overhead assigned to production was $192,000.
a. Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.)
b. Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product?
Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.)
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Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product? (Round your answer to 2 decimal places.)
Required B
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