Solution-What were the costs assigned to the units

What were the costs assigned to the units transferred out

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Reference no: EM132715090

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.

Problem 1: What were the costs assigned to the units transferred out this? period? (Round intermediary calculations to the nearest? cent)

A. ?$153,004
B. ?$114,391
C. ?$246,250
D. ?$118,203

Reference no: EM132715090

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What were the costs assigned to the units transferred out

Reference no: EM132715090

Reference no: EM132715090

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