Answer:
Jordan Sports Inc.
The amount of total manufacturing cost for the period is:
= $9.9 million
Explanation:
a) Data and Calculations:
Labor and overhead costs = $1.3 million
Cost of materials used - $8.6 million
Total manufacturing cost = $9.9 million
Cost of materials purchased = $9.4 million
Less Cost of materials used 8.6 million
Ending inventory of materials = $0.8 million
b) The total manufacturing cost for the period is the aggregate of costs of direct materials, direct labor, and manufacturing overheads incurred by Jordan Sports, Inc. to produce its products. It does not include the cost of ending inventory of materials of $0.8 million, which will be consumed in the following period.
