Jason Company determined that the budgeted cost of producing a product is $1.20 per unit. On June 1, there were 11,000 units on hand. The sales department budgeted sales of 320,000 units in June. The company desires to have 8,000 units on hand on June 30. How much is the budgeted cost of goods manufactured for June?
Cost of Goods Manufactured= (Sales+Closing stock -Opening stock)*Unit ...
The solution provides the steps to calculate the budgeted cost of goods manufactured.