A Company Uses the FIFO Method for Inventory Costing

question 67

Multiple Choice

A company uses the FIFO method for inventory costing.At the start of the period the production department had 20,000 units in beginning Work in Process inventory which were 40% complete;the department completed and transferred 165,000 units.At the end of the period,22,000 units were in the ending Work in Process inventory and are 75% complete.The production department had labor costs in the beginning goods is process inventory of $99,000 and total labor costs added during the period are $726,825.Compute the equivalent cost per unit for labor.

• A)$4.40.
• B)$4.76.
• C)$4.19.
• D)$4.55.
• E)$4.61.

---

Definitions:

Connectives

Parts of speech that connect words, phrases, or clauses, enhancing coherence in text.

Indirect Object-Direct Object Constructions

Grammatical structures in sentences where an action is performed by the subject on two objects, with the indirect object typically receiving the direct object.

Passive Sentences

Sentences where the subject is the recipient of the action rather than the doer, often characterized by the use of forms of the verb "to be" followed by a past participle.

Vocabulary Development

The process of learning and acquiring new words and phrases to communicate effectively in a language.