The accounting records of NuTronics, Inc., include the following information for the year ended December 31, 2011.
a. Prepare a schedule of the cost of finished goods manufactured.
NuTronics, Inc.
Schedule of the Cost of Finished Goods Manufactured
For the Year Ended December 31, 2011
Work in process, December 31, 2011 Direct materials used Work in process, January 1, 2011 Direct labor Manufacturing overhead $
Manufacturing costs assigned to production:
Manufacturing overhead General and administrative expenses Selling expense Direct labor Direct materials used $
Direct labor General and administrative expenses Selling expense Manufacturing overhead Direct materials used
Direct materials used General and administrative expenses Manufacturing overhead Selling expense Direct labor
Total manufacturing costs
Total cost of all goods in process during the year $
Less: Cost of goods sold Selling expenses Less: Work in process inventory, December 31, 2011 Add: Work in process inventory, December 31, 2011 Add: Cost of goods sold
Cost of finished goods manufactured $
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?