Question

carmelita Inc., has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materials $5,800 $22,200 Conversion costs 6,400 149,800 At the beginning of the period, there were 600 units in process that were 42% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 4,700 units were started and completed. Ending inventory contained 300 units that were 35% 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

Answer 1

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