a
Total product cost = (Raw materials purchased + Wages of
production workers + Depreciation on manufacturing equipment)
=> ($3120 + $3580 + $4570)
=> $11270 (Ans)
b
Total cost of ending inventory = (Per unit cost of inventory X
ending inventory units)
=> [($11270 / 1610 units) X (1610 units - 1110 units)
=> $7 X 500 units\
=> $3500 (Ans)
c
Total cost of goods sold = (Per unit cost of inventory X Units
sold)
=> ($7 X 1110 units)
=> $7770 (Ans)
(If there are any questions, kindly let me know in comments. If the solution is to your satisfaction, a thumbs up would be appreciated. Thank you)
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