In a Department, 28,000 Units Are Completed and Transferred Out

question 242

Multiple Choice

In a department, 28,000 units are completed and transferred out and 14,400 remain in ending WIP at 85% complete. If an equivalent unit costs $8.00 for direct materials, what is the value of materials transferred out?

• A)$97,920
• B)$108,800
• C)$115,200
• D)$224,000

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Definitions:

Tariff

A tax imposed on imported goods and services, tariffs are used by governments to control trade, protect domestic industries, or generate revenue.

Imported Oil

Oil brought into a country from another country to meet its demand for energy and petroleum products.

Tariff

A tax imposed by a government on imports or exports of goods.

Imported Oil

Oil that is brought into a country from abroad for use as fuel or raw material in various industries.