Carmelita Inc., has the following information available:
Costs from Beginning Inventory
Costs from current Period
Direct materials
$5,200
$21,700
Conversion costs
6,400
156,000
At the beginning of the period, there were 400 units in process that were 42% 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 400 units that were 33% complete as to conversion costs and 100% complete as to materials costs. Assume that the company uses the FIFO process cost method. Round cost per unit figures to two cents, i.e., $2.22, when calculating total costs.
The total costs that will be transferred into Finished Goods for units started and completed were
a.$165,932
b.$111,174
c.$237,666
d.$178,696