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Sullivan Co. uses process costing. Its Sewing Dept. had an equivalent cost per unit for direct materials of $0.75 and for conversion (labor plus
Sullivan Co. uses process costing. Its Sewing Dept. had an equivalent cost per unit for direct materials of $0.75 and for conversion (labor plus overhead) costs of $0.50 during May. There were 20,000 units completed and transferred to Finished Goods Inventory and 8,000 units in the ending Work-in-Process Inventory that were 100% complete with respect to direct materials and 25% complete with respect to conversion costs. What was the dollar amount transferred to Finished Goods Inventory during May? A. $25,000 B. $9,000 C. $34,000 D. $6,000
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