Solution-What were the costs assigned to the units

What were the costs assigned to the units transferred

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Reference no: EM132766602

Question - 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?

A. ?$118,203

B. ?$246,250

C. ?$153,004

D. ?$114,391

Reference no: EM132766602

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What were the costs assigned to the units transferred

Reference no: EM132766602

Reference no: EM132766602

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