Physical Units Accounted for Are 160000

question 54

Multiple Choice

Physical units accounted for are 160000. Total conversion costs are $387100. There are 4000 units in ending inventory which are 50% complete as to conversion costs. How much is the conversion cost per unit?

• A) $2.45.
• B) $2.42.
• C) $2.39.
• D) $2.36.

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Definitions:

Government Prescribes

Refers to regulations or directives made by a government to influence or control certain activities.

Private Property

Land or belongings owned by individuals or corporations, distinct from property owned by the government or community.

Market System

This economic structure allows for the determination of investment, production, and distribution through the interplay of supply and demand, ensuring that the pricing of goods and services occurs in an open price system.