FIFO Aluminum processes a single type of aluminum. During the current period the following information was given: Units Material Costs Conversion Costs Beginning Inventory 3.000 $4,500 Started During the Current Period 20,000 48,000 Ending Inventory 2.500 $4,800 55,000 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) $113,160 B) $113,236 C) $113,980 D) $122,300