The accounting records of NuTronics, Inc., include the following information for the year ended December 31, 2007.
| Dec. 31 | Jan. 1 |
Inventory of materials | $ 24,000 | $20,000 |
Inventory of work in process | 8,000 | 12,000 |
Inventory of finished goods | 90,000 | 80,000 |
Direct materials used | 210,000 |
|
Direct labor | 120,000 |
|
Selling expenses | 170,000 | |
General and administrative expenses | 140,000 |
Overhead is assigned to production at $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?
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