Gizmo Manufacturer, a widgets manufacturing company, divides its production operations into three processes—Department 1, Department 2, and Department 3
The company uses a process costing system. Gizmo incurred the following costs during the year to produce 4,200 units:
Department 1 $18,000
Department 2 9,000
Department 3 8,000
If Gizmo could sell only 3,600 units in during the year, what will be the cost per unit of widget produced? (Round your answer to the nearest cent.)
A) $6.43
B) $4.29
C) $9.72
D) $8.33
D .D) Total costs / number of units produced = cost per unit
$35,000 / 4,200 = $8.33
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