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Can someone please help? I will upvote! Thank you! Carmelita, Inc., has the following information available: Costs from Beginning Inventory Direct materials $4,900 6,600 At
Can someone please help? I will upvote! Thank you!
Carmelita, Inc., has the following information available: Costs from Beginning Inventory Direct materials $4,900 6,600 At the beginning of the period, there were 500 units in process that were 45% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 4,600 units were started and completed. Ending inventory contained 400 units that were 27% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process costing method. Conversion costs Costs from Current Period were $20,800 158,900 The equivalent units of production for direct materials and conversion costs, respectively, O a. 4,600 for direct materials and 4,983 for conversion costs O b. 4,983 for direct materials and 4,983 for conversion costs O c. 5,000 for direct materials and 4,983 for conversion costs O d. 4,983 for direct materials and 5,000 for conversion costs
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