Brown Company incurred costs of $20,000 for material,$10,000 for labor,and $16,000 for factory overhead.There was no beginning or ending work in process.5,000 units were completed and transferred out.The unit cost for material is:

Question

Brown Company incurred costs of $20,000 for material,$10,000 for labor,and $16,000 for factory overhead.There was no beginning or ending work in process.5,000 units were completed and transferred out.The unit cost for material is: ​

Quizplus · Accepted Answer

The unit cost for material is calculated by dividing the total material costs by the number of units completed and transferred out. Thus, $20,000 / 5,000 units = $4.00 per unit.

Brown Company Incurred Costs of $20,000 for Material,$10,000 for Labor,and