At the beginning of the period, there were 500 units in process that were 60% complete as to conversion costs and 100% complete as to direct materials costs. during the period, 4,500 units were started and completed. ending inventory contained 340 units that were 30% complete as to conversion costs and 100% complete as to materials costs. 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 transferred into finished goods for units started and completed were
(a) $161,775
(b) $156,960
(c) $162,855
(d) $161,505

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?