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Carmelita Inc

Question 94

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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