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Carmelita Inc. has the following information available:   Costs from Beginning Inventory Costs from Current Period  Direct materials $4,400 $22,000  Conversion costs 6,200 157,500 At the beginning of the period, there were 600 units in process that were 44% 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 26% 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.$34.52 b.$41.43 c.$30.21 d.$51.78

Carmelita Inc. has the following information available:   Costs from Beginning Inventory Costs from Current Period  Direct materials $4,400 $22,000  Conversion costs 6,200 157,500 At the beginning of the period, there were 600 units in process that were 44% 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 26% 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.$34.52 b.$41.43 c.$30.21 d.$51.78

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 3EA: Given the following information, determine the equivalent units of ending work in process for...
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Carmelita Inc. has the following information available:

  Costs from Beginning Inventory Costs from Current Period
 Direct materials $4,400 $22,000
 Conversion costs 6,200 157,500

At the beginning of the period, there were 600 units in process that were 44% 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 26% 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.$34.52
b.$41.43
c.$30.21
d.$51.78
 
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