The Truman Company manufactures a product in a single process. The following information is available: 2,500 kilos valued at $14.40 per kilo $8,000 $38,500 $30,500 Input Material Material Added Direct Labour Cost Incurred Manufacturing Overhead Incurred Normal Losses Scrap value of losses Completed and transferred to Finished Goods The cost per unit is: O a. $43.20 O b. $45.20 O c. $50.24 O d. $48.00 10% of input $20.00 per kilo 2,150 kilos

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Truman Company manufactures a product in a single process. The following information is available:
2,500 kilos valued at $14.40 per kilo
$8,000
$38,500
$30,500
Input Material
Material Added
Direct Labour Cost Incurred
Manufacturing Overhead Incurred
Normal Losses
Scrap value of losses
Completed and transferred to Finished Goods
The cost per unit is:
O a. $43.20
O b. $45.20
O c. $50.24
O d. $48.00
10% of input
$20.00 per kilo
2,150 kilos
Transcribed Image Text:The Truman Company manufactures a product in a single process. The following information is available: 2,500 kilos valued at $14.40 per kilo $8,000 $38,500 $30,500 Input Material Material Added Direct Labour Cost Incurred Manufacturing Overhead Incurred Normal Losses Scrap value of losses Completed and transferred to Finished Goods The cost per unit is: O a. $43.20 O b. $45.20 O c. $50.24 O d. $48.00 10% of input $20.00 per kilo 2,150 kilos
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