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Multiple choice question. Please help!! Thank you!! Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information
Multiple choice question. Please help!! Thank you!!
Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materials Conversion costs 5,000 146,600 At the beginning of the period, there were 600 units in process that were 45% complete as to conversion costs and 100% complete as to direct materiais costs. During the period, 5,300 units were started and completed. Ending inventory contained 300 units that were 22% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO cost flow method. Round cost-per-unit figures to the nearest cent when computing total costs. The total costs transferred to Finished Goods for units started and completed were a. 5204,755 b. 5158,841 c. $123,896 d. 5167,832 Step by Step Solution
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