A Firm Had a Beginning Work in Process Inventory Totaling

question 63

Multiple Choice

A firm had a beginning work in process inventory totaling $4,000 and current period costs of $22,500. Equivalent production was 5,000 units, and 3,000 units were completed and transferred to the finished goods inventory. Inventory costs would be determined using a unit cost of

• A) $8.83.
• B) $5.30.
• C) $4.50.
• D) $7.50. (4,000 + 22,500)/5,000.

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