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AlladinOne [14]
3 years ago
6

A department transferred 7,000 units to the finished goods storeroom during a month. There was no beginning work in process inve

ntory, but 500 units were still in process at the end of the month. Equivalent production for the month was 7,400 units, and production costs incurred totaled $16,800. Inventory costs would be determined using a unit cost of
Business
1 answer:
ivann1987 [24]3 years ago
8 0

Answer:

It will be used using the Equivalent unit cost

$2.27

Explanation:

Period Cost / Equivalent Unit = Equivalent Unit Cost

16,800/7,400 = 2.27027 Equivalent Unit Cost

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When determining the production possibilities curve
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