1. Flying High Manufacturing produces frisbees using a three?step process that includes molding, coloring, and finishing. The purchase of materials includes a

A. debit to WIP Inventory?Molding.

B. debit to Raw Materials Inventory.

C. credit to Raw Materials Inventory.

D. credit to Manufacturing Overhead.

2. Flying High Manufacturing produces frisbees using a three?stepprocess that includes molding, coloring, and finishing. Which of the following accounts is debited for conversion costs?

A. Raw Materials Inventory

B. WIP Inventory?Finishing

C. Finished Goods Inventory

D. Cost of Goods Sold

3. Sunnyside Orchards, a juice manufacturer, uses a process that adds flavoring at the beginning of the process and vitamins and minerals 65% of the way through the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. The company started making 18,000 gallons of the drink, and the 2,300 gallons left in ending WIP were 20% of the way through the process.

The number of equivalent units for vitamins and minerals is

A. 2,300.

B. 18,000.

C. 15,700.

D. 16,160.

4. How is the cost per equivalent unit calculated?

A. Total costs to account for divided by total equivalent units

B. Total estimated costs to account for divided by number of units completed

C. Total product costs divided by equivalent units

D. Total equivalent units divided by total cost to account for