Homework Answers
a.
| Direct material purchased and used | 3,140 |
| Wages of production workers | 3,600 |
| Depreciation on equipment | 5,212 |
| Total Production Cost | $11,952 |
b.
Number of units produced = 1,660
Number of units sold = 1,160
Ending inventory = Number of units produced - Number of units sold
= 1,660-1,160
= 500
Total cost of ending inventory = Total product cost x Ending inventory units/Units produced
= 11,952 x 500/1,660
= 11,952 x 0.301204819
= $3,600
c.
Cost of goods sold = Total product cost x Number of units sold / Total units produced
= 11,952 x 1,160/1,660
= 11,952 x 0.698795181
= $8,352
Kindly comment if you need further assistance. Thanks‼!
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