Homework Answers
Computation of equivalent units transferred to next process under FIFO method :
Beginning of work in progress :
Materials =$31,000
Labor (1000 ×40℅×$20) =$8,000
Overhead (1000×40℅×$9) =$3600
Total = $42,600
Units completed & transferred
(8000 units ×$37 ) =$296,000
Total cost of good transferred =$338,600.
Option D is correct.
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