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Question
Use this information about Carmelita Inc. to answer the questions that follow.
Carmelita Inc. has the following information available:
| Costs from Beginning Inventory | Costs from Current Period | |
| Direct materials | $2,000 | $ 22,252 |
| Conversion costs | 6,200 | 150,536 |
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
This answer is hidden. It contains 1 characters.
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