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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