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Beginning Inventory Consisted of 1,000 Units with Costs of $21,000

Question 97

Multiple Choice

Beginning inventory consisted of 1,000 units with costs of $21,000.All materials and 60 percent of labour and overhead were added in the prior period.In addition,another 8,000 units were started and completed.Unit costs are materials,$6.00; labour,$15.00; overhead,$9.00.What is the total cost of goods transferred out using FIFO?


A) $240,000
B) $262,200
C) $270,000
D) $270,600

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