Using the FIFO Method,the Total Cost of Units in Ending

question 100

Multiple Choice

Using the FIFO method,the total cost of units in ending work in process is ?( Round the per unit value to the nearest cent and do not round other intermediate calculations )

• A) $104,000.
• B) $128,000.
• C) $153,000.
• D) $164,883.

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Definitions:

Producing Units

Facilities or entities involved in the creation of goods or services.

Average Cost

The total cost of production divided by the quantity produced, often used to assess efficiency and profitability.

Producing Units

Producing units are individual entities, such as factories or plants, within an organization that are responsible for producing goods or services.

Marginal Cost

The extra expense associated with manufacturing an additional unit of a product or service.