Wyman Corporation uses a process costing system. The company manufactured certain goods at a cost of $940 and sold them on credit to Percy Corporation for $1,355. The complete journal entry to be made by Wyman at the time of this sale is:

Select one:

a. Debit Finished Goods Inventory $940; debit Sales $1,355; credit Accounts Receivable $1,355; credit Cost of Goods Sold $940.

b. Debit Accounts Receivable $1,355; debit Selling expense $940; credit Sales $1,355; credit Cost of Goods Sold $940.

c. Debit Cost of Goods Sold $1,355; credit Sales $1,355.

d. Debit Accounts Receivable $1,355; credit Sales $415; credit Finished Goods Inventory $940.

e. Debit Accounts Receivable $1,355; credit Sales $1,355; debit Cost of Goods Sold $940; credit Finished Goods Inventory $940.

A manufacturer makes nutritional supplements in several processes. Packaging, the last department in the companys production process, reports the following:

Current monthPrior monthCosts transferred to finished goods$ 409,150$ 407,100Units transferred to finished goods49,00046,000Units sold47,00045,400

Compute the cost per completed unit for the prior month.

Select one:

a. $8.35.

b. $8.91.

c. $8.71.

d. $4.45.

e. $8.85.