Serile Pharma Places 800 Units in Production During the Month

question 24

Multiple Choice

Serile Pharma places 800 units in production during the month of January. All 800 units are completed during the month. It had no opening inventory. Direct material costs added during January was $74,000 and conversion costs added during January was $8400. What is the total cost per unit of the product produced during January?

• A) $103
• B) $10
• C) $80
• D) $93

Analyze the transaction to record it appropriately in the accounting system.

Understand the expanded basic accounting equation.

Appreciate the importance of maintaining the equality of debits and credits.

Understand the sequence of steps in the recording process.

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Definitions:

Career Maturity

Readiness to master the developmental tasks of each stage effectively.

Cognitive Factors

Psychological elements that involve mental processes such as perception, memory, problem-solving, and decision-making that influence how a person understands the world and acts in it.

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How well an individual’s abilities and skills meet what the job or organization requires