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H3Ko H3Ko
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7 years ago
Reed Productions has provided the following information for the year:

Direct Labor   $150,000
Beginning Work-in-Process Inventory   63,000
Direct Materials Used   269,000
Ending Work-in-Process Inventory   52,900
Manufacturing Overhead   135,000

During the year, Reed produced 71,220 units of product. Calculate the unit product cost. (Round your answer to the nearest cent.)
A) $6.77
B) $7.92
C) $8.66
D) $7.78
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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