Cima C01 Exam Question No 44

Question No 44:

The incomplete process account relating to period 4 for a company which manufactures paper is shown below:
 

 There was no opening work in process (WIP). Closing WIP, consisting of 700 units, was complete as shown:

Material 100%
Labour 50%
Production overhead 40%

Losses are recognised at the end of the production process and are sold for $1.75 per unit.
The total value of the units transferred to finished goods was

A. $21,052.50
B. $21,587.50
C. $22,122.50
D. $22,656.50

Answer:  B