Penny, inc. employs a process costing system. direct materials are added at the beginning of information about july's activities: besinning inventories direct materials cost onversion costs 850 units, 60% complet $5,000 $4,000 number of units started direct materials added conversion costs added 15,000 $83,520 on july 31 ending inventories 28. using the fifo method and rounding cost per unit to four decimal places, the cot of goods completed and transferred out during july

a. $227,270.

b. $225,060.

c $236,905.

d. $228,200.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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