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

question 96

Multiple Choice

Nader,Inc.,has the following information available: $\begin{array}{lrr}&\text { Costs from } &\text { Costs from }\\&\text { Beginning } &\text { Current Period }\\&\text { Inventory }\\\text { Direct materials } & \$ 2,300 & \$ 21,252 \\\text { Conversion costs } & 6,200 & 150,536\end{array}$
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:

Severe Depression

A major depressive disorder characterized by a deep and persistent feeling of sadness or despair and/or a loss of interest in activities, accompanied by several physical and emotional problems.

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Lithium

A chemical element (Li) used in rechargeable batteries and as a mood-stabilizing drug in psychiatry.