Bradley CorporationCOST FOR JULY, 201X Units Sold 13,000Material $2 Pr

QUESTION

Bradley CorporationCOST FOR JULY, 201X Units Sold 13,000Material $2 Price per Unit $16Labor $4 Beginning Inventory 3,000Overhead $2 Units Produced 12,000TOTAL $8 Cost July-Dec. $11Solution:Sales Value of
Beginning inventory $24,000 (3,000 units@$8) Add Units Produced 96,000 ($2 material $4 labor $2 O/H= $8* 12,000) Inventory available for sale $120,000 Less: Units sold 104,000 (13,000 units @$8) Ending (new)inventory $16,000

0 units @$8) Sales $208,000 (13,000*$16) Cost of Goods Sold 104,000 (13,000*$8) Gross Profit $104,000 Cost per unit $8 ($2 material, $4 labor $2 overhead)

ANSWER:

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