In its initial year of operation, Sampson Production started and completed 2000 identical telephones and had 1000 telephones that were 30 per cent complete in work-in-process at the end of the year. Total production costs for the year were $40 000.
-If Sampson Production had a beginning inventory equal to $5000 comprised of 2000 telephones 50 per cent complete which were all completed this period,and all other numbers were as reported,what is the new cost per equivalent unit,assuming weighted average process costing?
A) $17.80
B) $17.39
C) $19.57
D) $15.85

Question

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The Answer of In its initial year of operation, Sampson Production started and completed 2000 identical telephones and had 1000 telephones that were 30 per cent complete in work-in-process at the end of the year. Total production costs for the year were $40 000.
-If Sampson Production had a beginning inventory equal to $5000 comprised of 2000 telephones 50 per cent complete which were all completed this period,and all other numbers were as reported,what is the new cost per equivalent unit,assuming weighted average process costing?
A) $17.80
B) $17.39
C) $19.57
D) $15.85

In Its Initial Year of Operation, Sampson Production Started and Completed