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MMLU / A company that produces a single product using a continuous process had no work…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A company that produces a single product using a continuous process had no work in process on April 1. During the month of April 10000 units were started and 9000 completed units were transferred. The ending work-in-process inventory was complete as to materials and 50% complete as to conversion. The cost of direct materials was 114000andthecostofdirectlaboramountedto114000 and the cost of direct labor amounted to 38000. Manufacturing overhead is assigned at the rate of 50% of direct materials. For the purpose of determining the cost of goods manufactured in April what is the cost per equivalent whole unit?
Plain-text mathematical notation (without MathML)
A company that produces a single product using a continuous process had no work in process on April 1. During the month of April 10000 units were started and 9000 completed units were transferred. The ending work-in-process inventory was complete as to materials and 50% complete as to conversion. The cost of direct materials was 114000andthecostofdirectlaboramountedto38000. Manufacturing overhead is assigned at the rate of 50% of direct materials. For the purpose of determining the cost of goods manufactured in April what is the cost per equivalent whole unit?
Original LaTeX notation
A company that produces a single product using a continuous process had no work in process on April 1. During the month of April 10000 units were started and 9000 completed units were transferred. The ending work-in-process inventory was complete as to materials and 50% complete as to conversion. The cost of direct materials was $114000 and the cost of direct labor amounted to $38000. Manufacturing overhead is assigned at the rate of 50% of direct materials. For the purpose of determining the cost of goods manufactured in April what is the cost per equivalent whole unit?

choices

  1. $23.22
  2. $21.40
  3. $20.90
  4. 15.4

subject

professional_accounting

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Source and history

task_id
578f9c73-b466-585f-953c-859579b4dd1d
task_key
all--test--578f9c73-b466-585f-953c-859579b4dd1d
task_revision_id
1
config / split
all / test

Official source

initial import