Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. carmelita, inc., has the following information ava

Carmelita, Inc., has the following information available: Line Item Description Costs from Beginning Inventory...

70.2K

Verified Solution

Question

Accounting

Carmelita, Inc., has the following information available:
Line Item Description Costs from Beginning Inventory Costs from Current Period
Direct materials $6,000 $24,800
Conversion costs 5,600157,900
At the beginning of the period, there were 400 units in process that were 43% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,000 units were started and completed. Ending inventory contained 400 units that were 28% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process costing method.
The equivalent units of production for direct materials and conversion costs, respectively, were
a.5,400 for direct materials and 5,340 for conversion costs
b.5,340 for direct materials and 5,340 for conversion costs
c.5,340 for direct materials and 5,400 for conversion costs
d.5,000 for direct materials and 5,340 for conversion costs

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Factor Completely 4x 6x 16x 24 O2 21 21 2x 3 02 2 4 2...

Geometry
1.2K views

Bonus Solve for x Leave your answer as a simplified radical 4 points X 12

Psychology
1.2K views

How do you go about generating initial ideas for pieces you’re composing, as well as the...

Psychology
1.2K views

How might a counselor explain what “counseling” is to a low-ability 14 year old boy? To...

Basic Math
1.2K views

Solve each compound inequality, write its solution set in interval notation, and graph the solution set...

Basic Math
1.2K views

4 3 pts 1 5 each Show organized work below list calculator steps if you...

Accounting
1.2K views

In a special sales order decision, incremental fixed costs that will be incurred if the...

Accounting
1.2K views

The following information is from the annual financial statements of Raheem Company. Year 3 Year...

Finance
1.2K views

The average annual retum over the period 1926-2009 for the S&P 500 is 11.8%, and...

Finance
1.2K views

1 Question M (point George and Anne were married for nine years and had three...

Accounting
1.2K views

Avayai Compoiny uses a fexible budget for manufacturint overhesd based on direct bbor hours Variable...

Finance
1.2K views

will leave immediate upvote! Which of these statements about classes of common...