question archive FIFO Aluminum processes a single type of aluminum
FIFO Aluminum processes a single type of aluminum
Subject:AccountingPrice:3.86 Bought11
FIFO Aluminum processes a single type of aluminum. During the current period the following information was? given:
Units
Material Costs
Conversion Costs
Beginning Inventory
?4,800
?$5,700
?$6,600
Started During the Current Period
?20,800
?49,200
?67,000
Ending Inventory
?2,900
All materials are added at the beginning of the production process. The beginning inventory was? 35% 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.
?$118,203
B.
?$246,250
C.
?$153,004
D.
?$114,391
