Answer:
Price at which this system is sold is $1,980
so correct option is B. $1,980
Explanation:
given data
computer chip = $180
software = $350
printer = $50
value added = $1,400
to find out
price at which the system is sold
solution
Price at which this system is sold is
system is sold = computer chip + software + printer + value added
so
Price at which this system is sold is = $180 + $350 + $50 + $1,400
Price at which this system is sold is $1,980
so correct option is B. $1,980
Understate profit and inflate assets
Answer:
11,500 was the number of Equivalent Units of Production (EUP)
Explanation:
EUP (FIFO) = Completed Units + Units at the end of the period - Units at the beginning of the period
EUP (FIFO): 12,000 + 1,200 x 25% - 2,000 x 40% = 11,500
Remember:
In the FIFO method to calculate EUP is considered the sum of work done on beginning inventory and percentage of work done on ending inventory adding to the started and completed units during the period.