1. In a production cost report , the term Total Cost refers to:

Total cost of direct materials and total conversion cost from beginning work in process and materials cost and conversion cost added during the period.

Total cost of the units transferred out and the total cost (materials and conversion cost) of the units in ending work in process

c. a only

d. b only

e. a and b

2. All materials are added at the beginning of production. Determine the value of ending work in process, given the following:

Ending work in process units 10,000

Materials cost 100%

Conversion cost 40%

Unit material cost $6.00

Total unit cost $8.00

Ans. _________