1) Use this information about Carmelita Inc. to answer the question that follow. Carmelita Inc. has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materials $5,000 $25,100 Conversion costs 5,100 156,300 At the beginning of the period, there were 600 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 20% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method. The cost of completing a unit (rounded to the nearest cent) during the current period was

a.$33.48

b.$50.21

c.$40.17

d.$28.83

2)

Strait Co. manufactures office furniture. During the most productive month of the year, 3,000 desks were manufactured at a total cost of $84,300. In the month of lowest production the company made 1,220 desks at a cost of $59,900. Using the high-low method of cost estimation, total fixed costs are

a.$24,400

b.$84,300

c.$43,170

d.$59,900