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Cost of Goods Sold Slapshot Company makes ice hockey sticks During the month of June 18000 sticks were completed at a cost of goods manufactured of $540000 Suppose that on June 1 Slapshot had

Cost of Goods Sold Slapshot Company makes ice hockey sticks. During the month of June, 18,000 sticks were completed at a cost of goods manufactured of $540,000. Suppose that on June 1, Slapshot had 5,000 units in finished goods inventory costing $160,000 and on June 30, 7,000 units in finished goods inventory costing $215,000.

Required:

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

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

Jun 27 2020 View more View Less

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