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 $4,900 $26,600 Conversion costs 6,900 142,800 At the beginning of the period, there were 400 units in process that were 43% 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 32% complete as to conversion costs and 100% complete as to materialis costs. The company uses the FIFO cost flow method. The equivalent units of production for direct materials and conversion costs, respectively, were Oa. 5324 for direct materials and 5300 for conversion costs Ob. 5,300 fot direct matenals and 5,124 for conversion costs Oc. 5,000 fir direct materials and 5,324 for conversion costs Od. 5,24 for direct matrials d s,334 for conversion costi

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 $4,900 $26,600 Conversion costs 6,900 142,800 At the beginning of the period, there were 400 units in process that were 43% 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 32% complete as to conversion costs and 100% complete as to materialis costs. The company uses the FIFO cost flow method. The equivalent units of production for direct materials and conversion costs, respectively, were Oa. 5324 for direct materials and 5300 for conversion costs Ob. 5,300 fot direct matenals and 5,124 for conversion costs Oc. 5,000 fir direct materials and 5,324 for conversion costs Od. 5,24 for direct matrials d s,334 for conversion costi

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Description: 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 PeriodDirect materials$4,900$26,600Conversion costs6,900142,800At

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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