Nettle CoUses Process Costing to Account for the Production of Rubber

question 126

Multiple Choice

Nettle Co.uses process costing to account for the production of rubber balls.Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process.Equivalent units have been calculated to be 12,000 units for materials and 10,000 units for conversion costs.Beginning inventory consisted of $14,000 in materials and $8,000 in conversion costs.April costs were $72,000 for materials and $80,000 for conversion costs.Ending inventory still in process was 4,000 units (100% complete for materials,50% for conversion) .The total cost per unit using the FIFO method would be closest to:

• A)$15.9666
• B)$13.8182
• C)$14.0000
• D)$14.5000

---

Definitions:

Conflict theorist

A social scientist who views social life as a competition for limited resources, emphasizing conflict, class struggles, and power disparities as driving social change.

Media effects

Media Effects refer to the impact of media and communication technologies on individual thoughts, feelings, and actions, as well as societal norms and culture.

Mass media

Various forms of communication designed to reach large audiences through mediums like television, radio, newspapers, and the internet, significantly influencing public opinion and culture.

Face-to-face interaction

Direct communication where individuals engage in conversation or non-verbal cues in the same physical space, fostering personal connections and understanding.