A manufacturer makes nutritional supplements in several processes. Packaging, the last department in the company’s production process, reports the following: Current month Prior month Costs transferred to finished goods $ 377,200 $ 374,100 Units transferred to finished goods 46,000 43,000 Units sold 44,000 42,400 Compute the cost per completed unit for the current month.

A manufacturer makes nutritional supplements in several processes. Packaging, the last department in the company’s production process, reports the following: Current month Prior month Costs transferred to finished goods $ 377,200 $ 374,100 Units transferred to finished goods 46,000 43,000 Units sold 44,000 42,400 Compute the cost per completed unit for the current month.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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	Current month	Prior month
Costs transferred to finished goods	$ 377,200	$ 374,100
Units transferred to finished goods	46,000	43,000
Units sold	44,000	42,400

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