The following data relates to the Mass Company's first operating period. Calculate the total cost of goods sold for each product.?Cost/unitUnits?ProductDirect MaterialsDirect LaborProducedEnding InventoryOverhead rate (Percent of Direct Labor cost)A$10$1221511560%B81533018040%C141025020080%
What will be an ideal response?
| ? | A | B | C |
| Direct materials | $10.00 | $ 8.00 | $14.00 |
| Direct labor | 12.00 | 15.00 | 10.00 |
| Overhead* | 7.20 | 6.00 | 8.00 |
| Total cost | $29.20 | $29.00 | $32.00 |
| Units sold** | x 100 | x 150 | x 50 |
| Cost of goods sold | $2,920 | $4,350 | $1,600 |
* Overhead applied:
A: $12.00 * 60% = $7.20; B: $15.00 * 40% = $6.00; C: $10.00 * 80% = $8.00
** Units sold
A: 215 produced - 115 in ending inventory = 100 sold
B: 330 produced - 180 in ending inventory = 150 sold
C: 250 produced - 200 in ending inventory = 50 sold
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