Answers
Requirement A)
| Raw material used | $ 3,140.00 |
| Wages of production worker | $ 3,590.00 |
| Depreciation of manufacturing equipment | $ 4,750.00 |
| Total manufacturing cost | $ 11,480.00 |
Administrative salary and depreciation of administrative equipment is not considered a product cost.
Requirement B and C
| A | Total manufacturing cost | $ 11,480.00 |
| B | Units produced | $ 1,640.00 |
| C=A/B | Cost per unit | $ 7.00 |
| D | Units in ending inventory (1640-1060) | 580 |
| E= C x D | Cost of the ending inventory | $ 4,060.00 |
| F | Units sold | 1,060 |
| G=F x C | Cost of goods sold | $ 7,420.00 |
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