Crane Manufacturing uses job order costing for its production of MP3 players. The cost incurred...

80.2K

Verified Solution

Question

Accounting

Crane Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for the production of the MP3 players totaled $36000 of materials, $30000 of direct labor costs, and $28000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $34000, and the ending balance is $30000. During the year the company completed production for 1000 MP3 players. What is the cost per unit for each MP3 player?
$98.
$90.
$94.
$128.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students