Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materials $4,400 $20,200 Conversion costs 6,100 157,100 At the beginning of the period, there were 600 units in process that were 41% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 4,500 units were started and completed. Ending inventory contained 300 units that were 34% 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. $53.86 b. $31.70 c. $35.91 d. $43.09

Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materials $4,400 $20,200 Conversion costs 6,100 157,100 At the beginning of the period, there were 600 units in process that were 41% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 4,500 units were started and completed. Ending inventory contained 300 units that were 34% 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. $53.86 b. $31.70 c. $35.91 d. $43.09

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 10PB: The packaging department began the month with 750 units that were 100% complete with regard to...

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Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: Direct materials Conversion costs Costs from Beginning Inventory Costs from Current Period $2,000 6,200 $ 22,252 150,536 At the beginning of the period, there were 500 units in process that were 60% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 4,500 units were started and completed. Ending inventory contained 340 units that were 30% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO cost flow method. Round cost-per-unit figures to the nearest cent when computing total costs. The total costs transferred to Finished Goods for units started and completed were a. $161,775 b. $162,855 c. $156,960 d. $161,505
answer this with correct and complete explanation , computation for each steps clearly answer in text form
Use this information about Carmelita Inc. to answer the question that follows. Carmelita Inc. has the following information available: progress=false Direct materials Conversion costs Costs from Beginning Inventory Costs from Current Period $4,800 5,800 $29,900 140,100 At the beginning of the period, there were 500 units in process that were 43% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,500 units were started and completed. Ending inventory contained 400 units that were 24% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO cost flow method. ☐ The equivalent units of production for direct materials and conversion costs, respectively, were Oa. 5,500 for direct materials and 5,881 for conversion costs Ob. 5,900 for direct materials and 5,881 for conversion costs Oc. 5,881 for direct materials and 5,900 for conversion costs Od. 5.881 for direct materials and 5,881 for conversion…
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