Gizmo Manufacturers, 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 2014, to produce 5,000 units.

If Gizmo could sell only 3,500 units in 2014, what will be the cost per unit of widget produced?

A) $4.70

B) $3.50

C) $7.85

Transcribed Image Text:

Department 1 Department 2 Department 3 $17,500 6,000 4,000 Department 1 Department 2 Department 3 $17,500 6,000 4,000

Answer rating: 100% (QA)

D 550 Explanation The total cost to produc... View the full answer