Carmelita, Inc., has the following information available: Costs from Beginning Inventory $4,600 5,300 146,100 At the beginning of the period, there were 400 units in process that were 42% complete as to conversion costs and 100% complete as t direct materials costs. During the period, 5,000 units were started and completed. Ending inventory contained 400 units that were 28% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO process costing 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 O a. $157,700 Ob. $113,544 c. $218,004 O d. $170,316 Direct materials Conversion costs Costs from Current Period $22,700

Carmelita, Inc., has the following information available: Costs from Beginning Inventory $4,600 5,300 146,100 At the beginning of the period, there were 400 units in process that were 42% complete as to conversion costs and 100% complete as t direct materials costs. During the period, 5,000 units were started and completed. Ending inventory contained 400 units that were 28% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO process costing 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 O a. $157,700 Ob. $113,544 c. $218,004 O d. $170,316 Direct materials Conversion costs Costs from Current Period $22,700

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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