Business, 05.03.2021 20:10 muncyemily

Costs from Beginning Inventory Costs from Current Period Direct materials $5,100 $25,200
Conversion costs $5,300 143,700

At the beginning of the period, there were 400 units in process that were 45% complete as to conversion costs and 100% complete as to direct materials costs. During the period, 5,200 units were started and completed. Ending inventory contained 300 units that were 35% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO cost flow method. The cost of completing a unit during the current period was:

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Costs from Beginning Inventory Costs from Current Period Direct materials $5,100 $25,200
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