Sheldon Toys Inc Manufactures Toy Cannons

question 55

Multiple Choice

Sheldon Toys Inc manufactures toy cannons. This period, beginning WIP inventory was 4000 units that were 30 per cent complete, and ending inventory was 2000 units that were 40 per cent complete. Beginning and ending WIP costs were $10 000 and $7000 respectively. Further, 9000 units were produced this year at a cost of $25 000.
-What is the cost per equivalent unit,if the FIFO method was used?

• A) $3.27
• B) $2.24
• C) $3.81
• D) $4.29

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Definitions:

Rate Of Return

The financial escalation or contraction in value of an investment during a chosen duration, displayed as a percentage of the investment’s starting stake.

Stock Price

The cost of purchasing a single share of a company's stock, determined by the supply and demand for it in the market.

EPS Growth Rate

The yearly rate at which a firm's earnings per share (EPS) increases or is expected to increase.

Rate Of Return

The financial gain or loss achieved on an investment during a predetermined period, shown as a percentage of the investment's initial outlay.