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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
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 $5,300 $29,300 Conversion costs 6,800 152,900 At the beginning of the period, there were 400 units in process that were 43% 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 300 units that were 30% 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. 5,018 for direct materials and 5,000 for conversion costs Ob. 5,000 for direct materials and 5,018 for conversion costs Oc. 5,018 for direct materials and 5,018 for conversion costs Od. 4,700 for direct materials and 5,018 for conversion costs
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