Carmelita Inc., has the following information available: Costs from...
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Accounting
Carmelita Inc., has the following information available:
Costs from Beginning Inventory
Costs from current Period
Direct materials
$5,700
$22,300
Conversion costs
6,400
140,000
At the beginning of the period, there were 500 units in process that were 43% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,500 units were started and completed. Ending inventory contained 300 units that were 30% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO process cost method. Round cost per unit figures to two cents, i.e., $2.22, when calculating total costs.
The total costs that will be transferred into Finished Goods for units started and completed were
a.$208,632
b.$106,530
c.$160,486
d.
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