Samantha's Office Supplies Manufactures Desk Organizers in Its Processing Department

question 52

Multiple Choice

Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute 4% of the good units. Data provided for February 2017 are as follows:

Which of the following journal entries correctly represents the transfer of completed goods begun during February using the FIFO method of process costing? (Round any cost per unit calculations to the nearest cent.)

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Definitions:

Inner Surface

The inner surface refers to the internal side or lining of an organ or structure within the body.

Macula

A specialized region in the center of the retina responsible for high-acuity vision, crucial for tasks like reading and driving.

Posterior Retina

The back part of the retina, sensitive to light and responsible for converting it into neural signals for visual recognition.

Visual Acuity

The clarity or sharpness of vision, often measured by the ability to discern letters or numbers at a given distance according to a standardized chart.