Heathcoat Co

question 130

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 closest to:

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

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Definitions:

Small Intestine

The part of the gastrointestinal tract between the stomach and the large intestine, where most of the digestion and absorption of food takes place.

Root

The part of a plant that typically grows underground, secures the plant in the soil, and absorbs minerals and water.

Tooth

A hard, calcified structure found in the jaws of many vertebrates, used for chewing food.

Dentin

Dentin is a hard, dense tissue forming the bulk of a tooth beneath the enamel and above the pulp.