In the XBRL Statement B, how many decimal places are in the amount?

XBRL Statement B

450000

A) 4
B) 2
C) 5
D) 0

Answer: B

Business

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Reed Productions has provided the following information for the year

Direct Labor $150,000 Beginning Work-in-Process Inventory 63,000 Direct Materials Used 269,000 Ending Work-in-Process Inventory 52,900 Manufacturing Overhead 135,000 During the year, Reed produced 71,220 units of product. Calculate the unit product cost. (Round your answer to the nearest cent.) A) $7.92 B) $6.77 C) $7.78 D) $8.66

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