Question

Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at...

Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured of $546,000. Suppose that on June 1, Slapshot had 650 units in finished goods inventory costing $160,000 and on June 30, 930 units in finished goods inventory costing $215,000.

1. Prepare a cost of goods sold statement for the month of June.

Slapshot Company
Cost of Goods Sold Statement

For the Month of June

*Cost of goods manufactured

*Cost of goods sold

*Cost of goods inventory, June 1

*Work in process, June 30

*______ $ _____
*_____ $ ______

*______ $ _______

*_____ $ ________

2. Calculate the number of sticks that were sold during June.
units

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