Asked by dakota

A department transferred 7,000 units to the finished goods storeroom during a month. There was no beginning work in process inventory, but 500 units were still in process at the end of the month. Equivalent production for the month was 7,400 units, and production costs incurred totaled $16,800. Inventory costs would be determined using a unit cost of:
A. $2.27.

B. $2.40.

C. $2.24.

D. $2.58.
Answered by Ms. Sue
I don't know.

However, 16,800 / 7400 equals one of your answer choices.

Answered by dakota
I would go with D, but im not for sure...
Answered by Ms. Sue
How did you get D?

Answered by dakota
kinda just a guess /: im sorta confused what the questions asking
Answered by Ms. Sue
The question wants to know what the unit cost is.

The only way to find the answer is to manipulate the numbers given til you get one of the answer choices.

If all else fails, check your book.

There are no AI answers yet. The ability to request AI answers is coming soon!