Physical Units Are 40,000

question 113

Multiple Choice

Physical units are 40,000.Total conversion costs are $237,000.There are 1,000 units in ending inventory which are 50% complete as to conversion costs.How much are conversion costs per unit?

• A)$6.00.
• B)$5.92.
• C)$11.86.
• D)$5.78.

---

Definitions:

Joint Venture

A business arrangement in which two or more parties agree to combine their resources for accomplishing a specific task or project.

Principles Application

The act of applying fundamental truths or propositions that serve as the foundation for a system of belief or behavior.

Partnerships

An official business operation conducted by two or more people, with a shared management system and profit allocation.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.