1. Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Departmentfollows:

WIP, April 1	11,000 units
Transferredin costs in WIP, April 1	$79,940
Direct materials (100%) in WIP, April 1	$24,420
Conversion costs (70%) in WIP, April 1	$27,400
Units transferredin	52,000
Transferredin costs during April	$550,900
Units completed	41,000
April direct materials cost	$155,500
April conversion costs	$241,250
WIP, April 30	22,000 units
(100% for materials and 30% for conversion costs)

The cost per equivalent unit for conversion costs would be closest to

A. $5.64.

B.$6.06.

C.$4.76.

D.$4.26.

Garrison Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. The data listed below represents data in the Shaping Department:

WIP, April 1

9,000 units

Transferredin

costs in WIP, April 1

$79,940

Direct materials (100%) in WIP, April 1

$24,420

Conversion costs (75%) in WIP, April 1

$23,400

Units

transferredin

48,000

Transferredin

costs during April

$550,900

Units completed

44,000

April direct materials cost

$155,500

April conversion costs

$239,250

WIP, April 30

13,000 units

(100% for materials and 50% for conversion costs)

What are the equivalent units for direct materials?

A.61,000

B.50,500

C.53,000

D.57,000

When using the highlow method, what is the correct order of the following three steps?

i. write the cost equation

ii. find the vertical intercept

iii. find the slope

A.ii, iii, i

B.iii, i, ii

C.i, ii, iii

D. iii, ii, i