Simon Productions Company Had a Beginning Work in Process Inventory

question 35

Multiple Choice

Simon Productions Company had a beginning work in process inventory totaling $6,000. During the current period, the company added materials costs of $12,300, labor cost of $14,500 and overhead of $18,200. Equivalent production was 12,000 units, and 9,000 units were completed and transferred to the finished goods inventory. Inventory costs would be determined using a unit cost of

• A) $5.67.
• B) $3.75.
• C) $4.25.
• D) $8.50. (6,000 +12,300 + 14,500 + 18,200)/12,000 = 4.25.

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Definitions:

Expressed Openly

The act of sharing thoughts, feelings, or opinions in a straightforward and uninhibited manner.

Functional Conflict

Functional conflict is a healthy, constructive disagreement between two or more individuals or groups that leads to improved decision-making or outcomes.

Culture on Behavior

Culture on Behavior examines how the shared values, norms, and practices within a culture influence the behaviors of its members.

Dysfunctional Conflict

A disagreement or conflict that leads to negative outcomes, hindering organizational performance and goals.