1. G&G manufacturing company has two processes: Assembly followed by Packaging. The following details are with respect to the Packaging process for the month of January, 20xx. There was no beginning inventory. Transferred-in costs from the Assembly department during the month of January was $2,000,000. 10,000 units were packed and sent to the Finished Goods warehouse during January. 2,500 units were still in process in the Packaging department as of end of January. There was no spoilage. What was the transferred-in cost per equivalent unit for the Packaging department for the month of January, 20xx?

A. $200

B. $160

C. $800

D. Cannot be determined with the given data.

2. For a given department, which of the following items is most likely to be a component of transferred-in costs from the prior processing department under FIFO?

A. Conversion costs incurred by the given department

B. The cost of materials requisitioned and used by the given department

C. Value of the beginning inventory in the prior processing department

D. Conversion costs incurred by the next processing department