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FIFO Aluminum processes a single type of aluminum. During the current period the following information was given: Units Material Costs Conversion Costs Beginning Inventory 4,600

FIFO Aluminum processes a single type of aluminum. During the current period the following information was given:

Units

Material Costs

Conversion Costs

Beginning Inventory

4,600

$6,300

$6,200

Started During the Current Period

20,200

48,000

66,600

Ending Inventory

4,100

All materials are added at the beginning of the production process. The beginning inventory was

35% complete as to conversion, while the ending inventory was 45% completed for conversion purposes. FIFO Aluminum uses the firstin, firstout system of process costing.

What were the costs assigned to the units transferred out this period (Round intermediary calculations to the nearest cent)?

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