FIFO Aluminium Processes a Single Type of Aluminium All Materials Are Added at the Beginning of the Production

Multiple Choice

FIFO Aluminium processes a single type of aluminium.During the current period the following information was given:
$$\begin{array} { | l | r | r | r | } \hline & { \text { Units } } & \text { Material Costs } & \text { Conversion Costs } \\\hline \text { Beginning Inventory } & 3000 & \$ 4500 & \text { \$4800 } \\\hline \text { Started During the Curent Period } & 20000 & 48000 & 6 5 0 0 0 \\\hline \text { Ending Inventory } & 2500 & & \\\hline\end{array}$$
All materials are added at the beginning of the production process.The beginning inventory was 30% complete as to conversion,while the ending inventory was 40% completed for conversion purposes.
FIFO Aluminium uses the first-in,first-out system of process costing.
What were the costs assigned to the units transferred out this period (round equivalent unit cost to the nearest cent) ?

A) $113 980
B) $113 236
C) $122 300
D) $113 160