(a) Total product cost for the year :
Raw materials purchased and used = $ 3060
Wages of production workers = $ 3480
Depreciation on manufacturing equipment = $ 5142
Total product cost = $ 11682
(b) Total cost of the ending inventory :
Cost of inventory per unit = $11682 ÷ 1770 = $ 6.60
Ending inventory in units = 1770 - 1140 = 630
Cost of ending inventory = $ 6.60 × 630 = $ 4158
(c) Total cost of goods sold :
COGS = $ 6.60 × 1140 = $ 7524
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