Simon Productions Company Had a Beginning Work in Process Inventory

Simon Productions Company had a beginning work in process inventory totaling $7,200. During the current period, the company added materials costs of $15,680, labor cost of $13,500 and overhead of $20,100. Equivalent production was 12,000 units, and 9,000 units were completed and transferred to the finished goods inventory. Inventory costs would be determined using a unit cost (rounded to two decimal places) of

A) $18.83.
B) $6.28.
C) $4.11.
D) $4.71.

Correct Answer:

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