Basic. A company which operates a process costing system had work in progress at the start of last month of 300 units (valued at $1,710) which were 60 per cent complete in respect of all costs.

Last month a total of 2000 units were completed and transferred to the finished goods warehouse. The cost per equivalent unit for costs arising last month was $10. The company uses ttie FIFO method of cost allocation.

What was the total value of the 2,000 units transferred to the finished goods warehouse last month?

(a) $19910

(b) $20000 _

(c) $2050

(d) $21710 ACCA Management Accounting