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Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: At the beginning of the period,

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Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: At the beginning of the period, there were 600 units in process that were 40% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,400 units were started and completed. Ending inventory contained 400 units that were 31% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO cost flow method. The cost of completing a unit of product during the current period was (rounded to the nearest cent) a. 544,01 b. $29.34 c. 525.29 d. 535.21

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