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Carmelita Inc

Question 196

Multiple Choice

Carmelita Inc. has the following information available: Carmelita Inc. has the following information available: ​ -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 process cost method.​ The cost of completing a unit during the current period was A) $36.19 B) $34.88 C) $35.95 D) $35.89 ​
-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 process cost method.​ The cost of completing a unit during the current period was


A) $36.19
B) $34.88
C) $35.95
D) $35.89

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