Department B Had 1,000 Units in Beginning Work-In-Process Which Had

question 41

Multiple Choice

Department B had 1,000 units in beginning work-in-process which had transferred in costs of $2,500 from Department A associated with them.During the period,12,000 more units having costs of $36,000 were transferred in to Department B from Department A.What is the unit cost for the units transferred from Department A.

• A)$2.00
• B)$2.75
• C)$2.96
• D)$3.00

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Definitions:

Inflation

How quickly the average price level of goods and services escalates, resulting in reduced purchasing ability.

Cost-push Inflation

A type of inflation caused by an increase in the cost of production inputs, leading to a decrease in aggregate supply in the economy.

Union Wage

A wage rate that has been negotiated by a labor union on behalf of its members, often higher than the market rate for non-unionized workers.

Oil Price

The cost per barrel of crude oil, influenced by global supply and demand dynamics, geopolitical events, and market speculation.