Business, 28.02.2021 16:10, HealTheWorld
Carmelita Inc., has the following information available:
Costs from Beginning Inventory Costs from current Period
Direct materials $5,800 $22,200
Conversion costs 6,400 149,800
At the beginning of the period, there were 600 units in process that were 42% 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 35% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process cost method. Round cost per unit figures to two cents, i. e., $2.22, when calculating total costs.
The total costs that will be transferred into Finished Goods for units started and completed were:
a. $165,932
b. $111,174
c. $237,666
d. $178,696
Answers: 2
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Carmelita Inc., has the following information available:
Costs from Beginning Inventory Costs from...
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