The Following Table Summarizes the Beginning and Ending Inventories of Ariel

question 17

Essay

The following table summarizes the beginning and ending inventories of Ariel Co. for the month of October: $$\begin{array} { l r r } & \text { Sept. 30 } & \text { Oct. 31 } \\\text { Raw materials } & \$ 29,700 & \$ 31,000 \\\text { Work-in-process } & 65,800 & 61,000 \\\text { Finished process } & 52,700 & 46,200\end{array}$$ Raw materials purchased during the month of October totaled $112,300. Direct labor costs incurred totaled $234,800 for the month. Actual and applied manufacturing overhead costs for October totaled $145,100 and $149,400, respectively.
(a) Calculate the cost of goods manufactured for October.
(b) Calculate the cost of goods sold for October (Ignore under/overapplied overhead).
(c) Given the fact that 25,000 units were produced, what is the cost per unit for October?

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Definitions:

Water Velocity

The speed at which water flows in a given direction within a stream, river, or other body of water.

Delta

A landform at the mouth of a river where it splits into several outlets, depositing sediment and forming an area often rich in wildlife and agriculture.

Discharge

The volume of fluid passing a point within a given time, commonly used in reference to the flow of rivers and streams.

Sediment Load

The total volume or mass of sediment that is being transported by a stream, river, or other fluid flow systems.