Carmelita Inc., has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materials $5,700 $28,100 Conversion costs 5,500 142,000 At the
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Carmelita Inc., has the following information available:
Costs from Beginning Inventory Costs from Current Period Direct materials $5,700 $28,100 Conversion costs 5,500 142,000 At the beginning of the period, there were 400 units in process that were 42% 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 22% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO process cost method. Round cost per unit figures to two cents, i.e., $2.22, when calculating total costs.
The total costs that will be transferred into Finished Goods for units started and completed were
a.$124,410
b.$159,500
c.$210,157
d.$172,260
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