Scott, Inc. manufactures a single product. During March, 6,700 units of product were manufactured, and...
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Scott, Inc. manufactures a single product. During March, 6,700 units of product were manufactured, and 6,350 units of the product were sold. There were no beginning inventories. During March, the following costs were incurred:
Raw Materials $ 76,900
Direct Labor 132,600
Manufacturing Overhead 64,800
a. Calculate the total cost of goods manufactured during March, and the average cost of a single unit of the product.
b. Calculate the cost of goods sold during March.
c. Calculate the ending finished goods inventory for March.
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