FIFO Aluminum Processes a Single Type of Aluminum

Multiple Choice

FIFO Aluminum processes a single type of aluminum. During the current period the following information was given:

All materials are added at the beginning of the production process. The beginning inventory was 35% complete as to conversion, while the ending inventory was 40% completed for conversion purposes.
FIFO Aluminum uses the first-in, first-out system of process costing.
What were the costs assigned to the units transferred out this period (Round intermediary calculations to the nearest cent) ?

A) $114,391
B) $118,203
C) $246,250
D) $153,004