Beginning Inventory Consisted of 1,000 Units with Costs of £21,000

question 5

Multiple Choice

Beginning inventory consisted of 1,000 units with costs of £21,000. All materials and 60 per cent of labour and overhead were added in the prior period. In addition, another 8,000 units were started and completed. Unit costs are materials, £6.00; labour, £15.00; overhead, £9.00. What is the total cost of goods transferred out using FIFO?

• A)£240,000
• B)£270,000
• C)£262,200
• D)£270,600

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Definitions:

Neurons Together

A phrase indicating the collective function or interaction of neurons, which are the basic working units of the brain and nervous system, responsible for receiving, processing, and transmitting information through electrical and chemical signals.

Axon

The slender, tail-like extension of the neuron that transmits signals to the dendrites or cell body of other neurons and to muscles, glands, and other parts of the body.

Soma

The cell body of a neuron, which contains the nucleus and is essential for the neuron's metabolic and repair processes.

Messages

Units of communication intended to convey information, feelings, or instructions from one individual or group to another.