Cost of Goods Manufactured Clear Water Drinking Company manufactures high-quality drinking flasks. During the month...
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Cost of Goods Manufactured Clear Water Drinking Company manufactures high-quality drinking flasks. During the month of March, the company purchased $2,000,000 of materials. Also during the month of March, Clear Water incurred direct labor cost of $425,000 and manufacturing overhead of $1,600,000. Inventory information is as follows: Required: 1. Calculate the cost of goods manufactured for the month of March. 2. Calculate the cost of one flask assuming that 200,000 flasks were completed during March. Round your answer to the nearest cent. per unit
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