In the Current Period, Forward Co

question 133

Multiple Choice

In the current period, Forward Co.started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units in process that are 42% complete.
-If Forward Co.incurred production costs of $34,980, what was Forward's cost per equivalent unit for the period? (Note: Round your answer to two decimal places.)

• A) $2.51
• B) $3.00
• C) $2.75
• D) $3.25

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Definitions:

Salvage Value

The projected remaining value of an asset following its operational lifespan, once depreciation or amortization has been taken into account.

Recoverable Ore

The portion of ore that can be economically and technically extracted or produced at a profit.

Depletion

The allocation of the cost of natural resources over their useful life, used in accounting to match the expense of extracting natural resources with the revenue generated from them.

Machinery Installation

The process of setting up and configuring industrial machinery in a specific location for operational use.