Question

Use this information about Carmelita Inc. to answer the questions that follow.

Carmelita Inc. has the following information available:

Costs from Beginning InventoryCosts from Current Period
Direct materials$2,000$ 22,252
Conversion costs6,200150,536

At the beginning of the period, there were 500 units in process that were 60% 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 340 units that were 30% 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

a. $36.19

b. $34.88

c. $35.90

d. $35.89

Answer

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