Corono Corporation budgeted April sales at 5,000 units. The beginning finished good inventory consisted of 4000 units, however, Ronald desired to have 5,000 finished units on hand by the end of April. Direct materials inventory consists of 1600 beginning units and Ronald desired an ending balance of 2,800 units. Each finished unit required 4 units of direct material and 2 hour of direct labor. Direct material cost $6.00 per unit, direct labor cost $22.00 per hour, and factory overhead is applied at $14.00 per direct labor hour. Ronald has no work in process at the beginning or end of the month. How much is the anticipated cost of goods manufactured for April?
Enjoy 24/7 customer support for any queries or concerns you have.
Phone: +1 213 3772458
Email: support@gradeessays.com