Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. use this information about carmelita inc. to answe

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

50.1K

Verified Solution

Question

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
image

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

General Management
1.2K views

The state (Government) are meant to be neutral in industrial relations. Would you consider them as...

Accounting
1.2K views

what is like to be authority in business and personal level?

Biology
1.2K views

14 All children and adults in your program should OA wear gloves at all times...

Biology
1.2K views

Copper Number method Arrow method Nobel Gas method Arrow Number Thorium Nobel Gas Arrow Number...

Basic Math
1.2K views

One of Davis Company s activity cost pools is inspecting with estimated overhead 110 000...

Algebra
1.2K views

Find the exact value of each trigonometric function (no decimals!).1. cos1352. tan 2403. sec120

Algebra
1.2K views

Is the function defined by 2x 3 if x 2 2x 3 if x 2...

Accounting
1.2K views

Help with statement of SE! recently passed an...

Accounting
1.2K views

Which of the following represents an application control for a customer sale? Multiple Choice The...

Finance
1.2K views

Bethesda Mining Company reports the following balance sheet information for 2021 and 2022. Suppose that...

Finance
1.2K views

you are considering purchasing stock in Canyon Echo. you feel the company will increase it's...

Accounting
1.2K views

The units of an item available for sale during the year were as follows: January...