Nader,Inc,Has the Following Information Available At the Beginning of the Period,there Were 500 Units in

question 131

Multiple Choice

Nader,Inc.,has the following information available: $\begin{array}{lrr}&\text { Costs from }&\text { Costs from }\\&\text { Beginning Inventory}&\text { Curent Period }\\\text { Direct materials } & \$ 2,300 & \$ 21,252 \\\text { Conversion costs } & 6,200 & 150,536\end{array}$ At the beginning of the period,there were 500 units in process that were 40 percent complete as to conversion costs and 100 percent complete as to direct materials costs.During the current period,4,300 units were started and completed.Ending inventory contained 320 units that were 80 percent complete as to conversion costs and 100 percent complete as to direct materials costs.(Assume that the company uses the FIFO costing method.)
The cost of completing a unit during the current period was

• A) $39.50.
• B) $35.60.
• C) $35.21.
• D) $35.79.

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Definitions:

Plains Indians

Native American tribes who inhabited the Great Plains of North America, known for their nomadic lifestyle and reliance on buffalo hunting.

Permanent Residences

Dwellings where individuals live on a long-term basis, as opposed to temporary or vacation homes.

Mexican Residents

Individuals residing in Mexico, either as citizens or as foreign nationals.

Indian Residents

People residing in India, or those of Indian descent living in other countries.