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Question
A company uses the weighted average method for inventory costing. During a period, a production department had 20,000 units in beginning goods in process inventory which were 40% complete; the department completed and transferred 165,000 units. At the end of the period, 22,000 units were in the ending goods in process inventory and are 75% complete. All of these are with respect to labor. The production department had labor costs in the beginning goods is process inventory of $99,000 and total labor costs added during the period are $726,825. Compute the equivalent cost per unit for labor.
A. $4.40.
B. $4.76.
C. $4.19.
D. $4.55.
E. $4.61.
Answer
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Related questions
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Use the following information to prepare a budgeted income statement for Arbor Company for the month of June.
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