The Completion Department Transferred 6,900 Units to the Finished Goods

question 60

Multiple Choice

The Completion Department transferred 6,900 units to the finished goods storeroom during a month. There was no beginning work in process inventory, but 1,200 units were still in process at the end of the month which were 55% complete. Inventory unit cost at the end of the month were
$3) 50. What were total production costs for the month?

• A)$28,350.
• B)$24,150.
• C)$17,483.
• D)$26,460.

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Definitions:

Physical Count

The manual process of counting all physical inventory items to verify quantities and condition, often for verification against accounting records.

Supplies On Hand

Refers to the inventory of supplies that a business currently has available for use at any given time.

Depreciation

The methodical distribution of a physical asset's expense over its lifespan, indicating the asset's use, deterioration, or becoming outdated.

Office Building

A structure designed exclusively for commercial, administrative, or professional operations, housing multiple offices.