WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company is projecting sales of 1,000...
WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company is projecting sales of 1,000 units for the month of March. The total cost of producing one unit includes $2 for direct materials, $1 for direct labor, and $0.50 for manufacturing overhead.
Calculate the cost of goods sold for the month of March.
Homework Answers
Answer : Cost of Goods Sold = $3,500
Cost of goods sold = Units sold * Proddcut Cost Per unit
Prodcut Cost Per Unit = Direct Material + Direct Labor +Manufacturing OH = 2+1+0.5 = $ 3.50
Cost of Goods Sold = 1000*3.50 = $3,500 (Answer)
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