Beginning Inventory Consisted of 1,000 Units with Costs of $21,000

question 64

Multiple Choice

Beginning inventory consisted of 1,000 units with costs of $21,000.All materials and 60 percent of labor and overhead were added in the prior period.In addition, another 8,000 units were started and completed.Unit costs are materials, $6.00; labor, $15.00; overhead, $9.00.What is the total cost of goods transferred out using FIFO?

• A) $240,000
• B) $270,000
• C) $262,200
• D) $270,600

---

Definitions:

Indirect Contact

The spread of disease through touching surfaces or objects contaminated by an infected person, instead of direct physical contact.

Pinworms

Small, parasitic worms that infect the intestines, especially in children, causing itching and discomfort around the anus.

Sterile Package

Packaging that has been treated to ensure it is free of microorganisms, used for medical instruments and supplies to maintain asepsis.

Dry Heat Oven

A type of equipment used to sterilize medical and laboratory instruments through the application of high temperature without moisture.