Nader, Inc

question 21

Multiple Choice

Nader, Inc., has the following information available: At the beginning of the period, there were 500 units in process that were 40 percent complete as to conversion costs and 100 percent complete as to direct materials costs. During the current period, 4,300 units were started and completed. Ending inventory contained 320 units that were 80 percent complete as to conversion costs and 100 percent complete as to direct materials costs. (Assume that the company uses the FIFO costing method.)
The cost of completing a unit during the current period was

• A) $39.50.
• B) $35.60.
• C) $35.21.
• D) $35.79.

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Definitions:

Creativity

The ability to produce original and valuable ideas or solutions, involving imagination and innovation.

Achievement

The successful accomplishment of a task or goal, often recognized by some form of reward or acknowledgment.

Cultural Transmission

The process through which cultural beliefs, values, norms, and practices are passed down from one generation to the next.

Ritual Of Expulsion

A collective ceremony or action designed to formally remove or banish an individual from a community or organization.