My first Magazine ACC 206 All Assignments | Page 20

Production and sales totaled 20,000 rolls and 17,000 rolls, respectively
There is no work in process. Tampa carries its finished goods inventory
at the average unit cost of production.
Instructions:
a. Determine the cost of the finished goods inventory of light-gauge
aluminum.
b. Prepare an income statement for the current year ended
December 31
c.
On the basis of the information presented:
1. Does it appear that the company pays commissions to its sales
staff? Explain.
2. What is the likely effect on the $4.50 unit cost of direct materials if
next year's production increases? Why?
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