Singh Enterprises manufactures picture frames. Its production operations are divided into two departments — Assembly and Finishing. The company uses a process costing system. Singh incurred the following costs during the year to produce 6000 picture frames:
If Singh can only sell 5100 picture frames during the year, what will be the cost per unit of the picture frames produced? (Round your answer to the nearest cent.)
A) $2.34
B) $1.99
C) $1.62
D) $1.90
B) $1.99
Explanation: Total costs / number of units produced = cost per unit
$11,950 / 6000 = $1.99
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Indicate whether the statement is true or false
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