Carmelita Inc., has the following information available: Costs from Beginning...
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Accounting
Carmelita Inc., has the following information available:
| Costs from Beginning Inventory | Costs from Current Period | |
| Direct materials | $5,000 | $23,600 |
| Conversion costs | 6,900 | 155,900 |
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, 5,200 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.$230,659
b.$167,752
c.$177,430
d.$117,426
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