week 1 cost accounting

week 1 cost accounting - assignment Exercise230:,page55 . 1...

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Refer to  Cornerstones of Managerial Accounting  as you complete this  assignment:  Exercise 2-30: Total and Unit Product Cost, page 55  Martinez Manufacturing Inc. showed the following costs for last month: 1. Classify each of the costs as product cost or period cost. Direct materials   -Product Cost Direct labor-  Product Cost Manufacturing overhead - Product Cost Selling expense - Period Cost Last month, 4,000 units were produced and sold. Period Cost 2. What is total product cost for last month? Answer: 12,000 3. What is the unit product cost for last month? Answer: $3.00 Exercise 2-41: Income Statement, page 58 Answer:                                                                Jasper Company                                                                  Income Statement
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