Carmelita, Inc., has the following information available: Direct materials Conversion costs Costs from Beginning Inventory Costs from Current Period $4,300 5,000 $23,000 151,500 At the beginning of the period, there were 600 units in process that were 40% 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 400 units that were 34% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process costing method. The cost of completing a unit during the current period was Oa. $35.02 Ob. $30.32 Oc. $52.51 Od. $42.02
Carmelita, Inc., has the following information available: Direct materials Conversion costs Costs from Beginning Inventory Costs from Current Period $4,300 5,000 $23,000 151,500 At the beginning of the period, there were 600 units in process that were 40% 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 400 units that were 34% complete as to conversion costs and 100% complete as to materials costs. The company uses the FIFO process costing method. The cost of completing a unit during the current period was Oa. $35.02 Ob. $30.32 Oc. $52.51 Od. $42.02
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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