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Thank you! Use this information about Carmelita Inc. to answer the question that follow. Carmelita Inc. has the following information available: Costs from Beginning Inventory
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Use this information about Carmelita Inc. to answer the question that follow. Carmelita Inc. has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materials $5,900 $22,100 Conversion costs 5,700 145,600 At the beginning of the period, there were 500 units in process that were 45% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 4,700 units were started and completed. Ending inventory contained 400 units that were 34% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method. The equivalent units of production for direct materials and conversion costs, respectively, were Oa. 5,100 for direct materials and 5,111 for conversion costs Ob. 3.111 for direct materials and 5,111 for conversion costs Oc. 5,111 for direct materials and 5,100 for conversion costs Od. 4,700 for direct materials and 5,111 for conversion costs Step by Step Solution
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