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Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has...

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Accounting

Use this information about Carmelita Inc. to answer the question that follows.
Carmelita Inc. has the following information available:
At the beginning of the period, there were 500 units in process that were 60% complete as
to conversion costs and 100% complete as to direct materials costs. During the period,
4,500 units were started and completed. Ending inventory contained 340 units that were
30% complete as to conversion costs and 100% complete as to materials costs. Assume
that the company uses the FIFO cost flow method. Round cost-per-unit figures to the
nearest cent when computing total costs.
The total costs transferred to Finished Goods for units started and completed were
a. $161,775
b. $162,855
c. $156,960
d. $161,505
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