Heathcoat Co

question 15

Multiple Choice

Heathcoat Co.uses process costing to account for the production of canned vegetables.Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process.Beginning inventory consisted of $7,000 in materials and $4,000 in conversion costs.April costs were $36,000 for materials and $40,000 for conversion costs.On April 1,there were 2,000 units in beginning inventory (80% complete) .During April 10,000 units were completed.Ending in process inventory was 4,000 units (100% complete for materials,40% for conversion) .The total cost per unit using the FIFO method would be

• A)$7.9833
• B)$6.9091
• C)$7.0000
• D)$7.2500

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Definitions:

Proinflammatory Cytokines

Signaling molecules released by the immune system that promote inflammation, playing crucial roles in the body's response to infection and injury.

Immune System

The complex network of cells, tissues, and organs that work together to defend the body against infections and diseases.

Progressive Tax

A progressive tax is a tax system where the tax rate increases as the taxable amount or income goes up, placing a higher burden on wealthier individuals.

Absolute Amount

A total figure or quantity without any adjustments, reductions, or modifications, representing a raw or unadjusted figure.