Carmelita Inc., has the following information available: Costs from Costs from Beginning Inventory Current Period Direct materials Conversion costs 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. $2,000 6,200 $22,252 150,536 The equivalent units of production for direct materials and conversion costs, respectively, were Ca. 5,340 for direct materials and 4,902 for conversion costs Ob. 4,902 for direct materials and 4,802 for conversion costs Oc. 4,602 for direct materials and 4,802 for conversion costs d. 4,840 for direct materials and 4,802 for conversion costs

Carmelita Inc., has the following information available: Costs from Costs from Beginning Inventory Current Period Direct materials Conversion costs 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. $2,000 6,200 $22,252 150,536 The equivalent units of production for direct materials and conversion costs, respectively, were Ca. 5,340 for direct materials and 4,902 for conversion costs Ob. 4,902 for direct materials and 4,802 for conversion costs Oc. 4,602 for direct materials and 4,802 for conversion costs d. 4,840 for direct materials and 4,802 for conversion costs

Name: Carmelita Inc., has the following information available:Direct materi
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Description: Carmelita Inc., has the following information available:Direct materialsConversion costsCosts fromCosts fromBeginning Inventory Current Period$2,0006,200$22,252150,536At the beginning of the period, there were 500 units in process that were 60% comp

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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