The Debits to Work-In-Process for Department #2 for the Month

question 20

Multiple Choice

The debits to Work-in-Process for Department #2 for the month of April of the current year, together with information concerning production, are presented below. All direct materials come from Department #1. The units completed include the 1,200 in process at the beginning of the period. Department #2 uses FIFO costing.

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The unit cost of Product X started in the prior period and completed in the current period is:

• A) $2.00.
• B) $3.60.
• C) $2.55.
• D) $3.45.

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Definitions:

EEO

Equal Employment Opportunity; a principle that ensures all individuals have a fair chance for employment, regardless of race, color, religion, sex, national origin, age, or disability.

Deep-level Diversity

Differences among team members in terms of attitudes, values, and personality, as opposed to visible demographic differences.

Surface-level Diversity

Differences among individuals in a group based on visible attributes such as race, gender, age, or physical abilities.

Instrumental Values

Values that are viewed as a means to an end, guiding individuals towards achieving their life goals.