BASIC COST CONCEPT REVIEW PART 13

What is the total number of units completed and transferred using the Weighted Average Method?

• 58,000

• 54,000

• 55,000

• 47,000

Using the Weighted Average Method, what is the total number of units started in the process?

• 58,000

• 60,000

• 57,000

• 63,000

Using the FIFO method, what is the total number of units completed and transferred?

• 52,000

• 58,000

• 55,000

• 47,000

Using FIFO the total number of units started in the process is?

• 63,000

• 68,000

• 60,000

• 57,000

The unit cost using Weighted Average Method ?

• 2.22

• 3.268

• 2.744

• 0.524

Assuming the company uses FIFO method what is the unit cost

• 2.22

• 3.268

• 2.744

• 0.524