Carmelita Inc., has the following information available: Costs from Costs from Beginning Inventory Current Period Direct...
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Carmelita Inc., has the following information available: Costs from Costs from Beginning Inventory Current Period Direct materials $4,200 $25,900 Conversion costs 6,400 153,300 At the beginning of the period, there were 600 units in process that were 45% complete as to conversion costs and 100% complete as to direct materials costs. During the period 4,800 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. The company uses the FIFO process cost method. The cost of completing a unit during the current period was Oa. S5187 b. $34.58 Oc. $29.50 Od. S4150 Carmelita Inc., has the following information available: Costs from Costs from Beginning Inventory Current Period Direct materials $4,200 $25,900 Conversion costs 6,400 153,300 At the beginning of the period, there were 600 units in process that were 45% complete as to conversion costs and 100% complete as to direct materials costs. During the period 4,800 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. The company uses the FIFO process cost method. The cost of completing a unit during the current period was Oa. S5187 b. $34.58 Oc. $29.50 Od. S4150
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Solution Option b is correct option ie the 3458 Becaus... View the full answer
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date:
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