Multiple Choice
Hill & Scott Company makes financial calculators.During the current year, Hill & Scott manufactured 106,700 financial calculators.Finished goods inventory had the following units on hand: 
- If each financial calculator had a per-unit product cost of $123.20, what was the cost of finished goods inventory on December 31? (Note: Round answer to two decimal places.)
A) $140,940.80
B) $141,120.50
C) $24,640.75
D) None of these are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q107: Which of the following is true of
Q108: Which of the following is an example
Q109: Assigning costs tells the accountant who spent
Q110: Product costs<br>A) are costs that are included
Q111: Price must be greater than cost in
Q113: An opportunity cost is:<br>A) the benefit given
Q114: Product costs include direct materials, direct labor,
Q115: Indirect labor would include<br>A) salary of the
Q116: Synergy Inc.manufactured 6,000 units during the month
Q117: Select the appropriate classification for each of