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Information from the records of Conundrum Company for September was as follows: Sales $307,500 Selling and administrative expenses 52,500 Direct materials used 66,000 Direct labor 75,000 Variable factory overhead 50,000 Factory overhead 51,250   Inventories   Sept. 1 Sept 30 Direct materials $ 8,000 $10,500 Work in process 18,750 21,000 Finished goods 17,250 14,250 Conundrum Company produced 20,000 units. What is the total product cost per unit (rounded to the nearest cent)? a.$12.24 b.$14.74 c.$12.11 d.$12.18

Information from the records of Conundrum Company for September was as follows: Sales $307,500 Selling and administrative expenses 52,500 Direct materials used 66,000 Direct labor 75,000 Variable factory overhead 50,000 Factory overhead 51,250   Inventories   Sept. 1 Sept 30 Direct materials $ 8,000 $10,500 Work in process 18,750 21,000 Finished goods 17,250 14,250 Conundrum Company produced 20,000 units. What is the total product cost per unit (rounded to the nearest cent)? a.$12.24 b.$14.74 c.$12.11 d.$12.18

FINANCIAL ACCOUNTING
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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    Information from the records of Conundrum Company for September was as follows:

    Sales $307,500
    Selling and administrative expenses 52,500
    Direct materials used 66,000
    Direct labor 75,000
    Variable factory overhead 50,000
    Factory overhead 51,250

      Inventories
      Sept. 1 Sept 30
    Direct materials $ 8,000 $10,500
    Work in process 18,750 21,000
    Finished goods 17,250 14,250

    Conundrum Company produced 20,000 units.

    What is the total product cost per unit (rounded to the nearest cent)?
    a.$12.24
    b.$14.74
    c.$12.11
    d.$12.18
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