Department G Had 3,600 Units, 40% Completed at the Beginning

question 75

Multiple Choice

Department G had 3,600 units, 40% completed at the beginning of the period, 12,000 units were completed during the period, 2,000 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the material and conversion cost per unit (to the nearest penny) , respectively.

• A) $5.94 and $5.86
• B) $5.94 and $6.38
• C) $8.00 and $8.68
• D) $9.84 and $9.58

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Definitions:

Wealthy Society

A society characterized by a high level of economic riches, lifestyle quality, and available resources for its members.

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, market equilibriums, and the effect of government regulations.

Individual Industries

Specific sectors of the economy focused on the production of certain types of goods or services.

Decision-Making Units

Groups or individuals within an organization that have the authority and responsibility to make choices that affect organizational outcomes.