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	$4,800
Started During the Current Period	20,000	48,000	65,000
Ending Inventory	2,500

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. $122,300

B. $113,160

C. $113,980

D. $113,236