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.
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
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