The accounting records of NuTronics, Inc., include the following information for the year ended December 31, 2011.
|
Dec. 31 |
Jan. 1 |
| Inventory of materials |
|
$ |
24,000 |
|
|
$ |
20,000 |
|
| Inventory of work in process |
|
|
8,000 |
|
|
|
12,000 |
|
| Inventory of finished goods |
|
|
90,000 |
|
|
|
80,000 |
|
| Direct materials used |
|
|
195,000 |
|
|
|
|
|
| Direct labor |
|
|
124,000 |
|
|
|
|
|
| Selling expenses |
|
|
170,000 |
|
|
|
|
|
| General and administrative expenses |
|
|
140,000 |
|
|
|
|
|
|
| Overhead is assigned to production at $192,000. |
| a. |
Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.)(Input all amount as positive values. Omit the "$" sign in your response.)
|
| b. |
Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product?(Round your answer to 2 decimal places. Omit the "$" sign in your response.)
|