Question: 10. (Learning Objective 5) Royces final processing department shows the following costs per equivalent unit of chocolate produced: $5 transferred-in, $2 direct materials, and $8

10. (Learning Objective 5) Royce’s final processing department shows the following costs per equivalent unit of chocolate produced: $5 transferred-in, $2 direct materials, and $8 conversion. What is the selling price per unit if the company wishes to sell with a 60% markup?

a. $8

b. $9

c. $15

d. $24

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