Carmelita, Inc., has the following information available: Costs from Beginning Inventory $5,700 6,800 Costs from Current Period $26,700 150,900 Direct materials Conversion costs At the beginning of the period, there were 500 units in process that were 41% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,000 units were started and completed. Ending inventory contained 300 units that were 22% 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 $214.607 O b. $175.907 Oc. $165.950 Od $129441

Carmelita, Inc., has the following information available: Costs from Beginning Inventory $5,700 6,800 Costs from Current Period $26,700 150,900 Direct materials Conversion costs At the beginning of the period, there were 500 units in process that were 41% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,000 units were started and completed. Ending inventory contained 300 units that were 22% 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 $214.607 O b. $175.907 Oc. $165.950 Od $129441

Name: Carmelita, Inc., has the following information available:Costs from B
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Description: Carmelita, Inc., has the following information available:Costs from Beginning InventoryCosts from Current PeriodDirect materials$5,700$26,700150,900Conversion costs6,800At the beginning of the period, there were 500 units in process that were 41% co

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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