SANIENDO THAT 1,800,000 HAVE BEEN INVESTED, OF WHICH 54% ARE USED IN MATERIALS, 12% IN LABOR AND THE REMAINING IN CIF?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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IF A COMPANY HAS 800 UNITS IN INVENTORY IN
PROCESS, 30 IN FINAL INVENTORY, WITH 6% OF
WORK COMPLETION, 3% OF MATERIALS AND 0% OF
CIF, HOW MUCH WOULD THE TOTAL UNIT COST BE?
SANIENDO THAT 1,800,000 HAVE BEEN INVESTED, OF
WHICH 54% ARE USED IN MATERIALS, 12% IN LABOR
AND THE REMAINING IN CIF?
Transcribed Image Text:IF A COMPANY HAS 800 UNITS IN INVENTORY IN PROCESS, 30 IN FINAL INVENTORY, WITH 6% OF WORK COMPLETION, 3% OF MATERIALS AND 0% OF CIF, HOW MUCH WOULD THE TOTAL UNIT COST BE? SANIENDO THAT 1,800,000 HAVE BEEN INVESTED, OF WHICH 54% ARE USED IN MATERIALS, 12% IN LABOR AND THE REMAINING IN CIF?
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