FIFO Aluminum processes a single type of aluminum. During the current period the following information was given: Units Material CostsConversion Costs Beginning Inventory 4,800 $6,100 $5,600 Started During the Current Period 21,40048,800 66,400 Ending Inventory 4,500 All materials are added at the beginning of the production process. The beginning inventory was 25% 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 intermediary calculations to the nearest cent)? : a. $165,143 b. $110,658 c. $111,322 d. $254,416