8) FIFO Aluminum processes a single type of aluminum. During the current period the following information was given: Units Material Costs Conversion Costs Beginning Inventory Started During the Current Period 3,000 $4,500 20.000 48,000 Ending Inventory 2.500 $4,800 65.000 All materials are added at the beginning of the production process. The beginning inventory was 30% complete as to conversion, while the ending inventory was 40% completed for conversion purposes FIFO Aluminum uses the first-in, first-out system of process costing What were the costs assigned to the units transferred out this period (round equivalent unit cost to the nearest penny)? A) $113,236 B) $122,300 C) $113,160 D) $113,980 9) Video Images is a distributor of DVDs Quick-Disk Mart is a local retail outlet which sells blank and recorded DVDs Quick-Disk Mart purchases tapes from Video Images at $3.00 per DVD. DVDs are shipped in packages of 20 Video Images pays all incoming freight, and Quick-Disk Mart does not inspect the DVDs due to Video Images reputation for high quality. Annual demand is 104,000 DVDs at a rate of 4.000 DVDs per week. Quick-Disk Mart earns 20% on its cash investments. The purchase-order lead time is two weeks. The following cost data are available Relevant ordering costs per purchase order Carrying costs per package per year: Relevant insurance, materials handling. breakage, etc. per year $90.50 $4.50 C) $0.60 D) $2.50 What is the required annual return on investment per package? A) $12.00 B) $60.00 Answer the following questions using the information below: Digital Goods is a distributor of DVDs DVD Mart is a local retail outlet which sells blank and recorded DVDs DVD Mart purchases tapes from Digital Goods at $10.00 per DVD: DVDs are shipped in packages of 25. Digital Goods pays all incoming freight, and DVD Mart does not inspect the DVDs due to Digital Goods' reputation for high quality. Annual demand is 208,000 DVDs at a rate of 4,000 DVDs per week. DVD Mart earns 15% on its cash investments. The purchase-order lead time is one week. The following cost data are available Relevant ordering costs per purchase order Carrying costs per package per year: $94.50 Relevant insurance, materials handling, breakage, etc. per year $3.50 10) What is the economic order quantity? A) 194 packages 11) What are the relevant total costs? A) $8,029 43 B) 196 packages C) 199 packages D) 196 packages B) $8.040.50 C) $8.048.50 D) $4,673.54 12) How many deliveries will be made during each time period? A) 43 deliveries B) 44 deliveries C) 42.4 deliveries D) 72.0 deliveries