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Carmelita Inc., has the following information available: Costs from Beginning Inventory Costs from Current Period Direct...

Carmelita Inc., has the following information available:

Costs from
Beginning Inventory		 Costs from
Current Period
Direct materials $4,700          $24,500     
Conversion costs 5,900          155,100     

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, 5,400 units were started and completed. Ending inventory contained 300 units that were 26% complete as to conversion costs and 100% complete as to materials costs. Assume that 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.$176,244

b.$123,556

c.$166,968

d.$222,067

Business   Accounting   
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