Question
Barton Companys production costs totaled $50000 for May; 30000 units were completed of which 8000 were 3/4 completed in May at a cost of $11000;
Barton Companys production costs totaled $50000 for May; 30000 units were completed of which 8000 were 3/4 completed in May at a cost of $11000; an additional 3000 units were 1/3 complete at the end of June. The cost per unit for June, using FIFO costing is: Select one:
a. $2.00 b. $3.00 c. $2.994 d. $1.968 e. None of the above
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Auditing
Authors: Alan Millichamp, John Taylor
11th Edition
1473749301, 978-1473749306
