Question

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

Answer 1