1. The Packaging Department had the following production. What is the cost per equivalent units for materials? Beginning Units 20,000 Transferred Out Units 120,000 Ending Units (60% materials, 40% conversion) 50,000 Materials Costs $480.000 Conversion Costs $210,000 Total Costs S690,000 2. A company provides the following data for its process costing system: Equivalent units for materials 10,000 Material costs for units in beginning inventory $20,000 Material costs for units started during the period $80,000 Conversion costs for units in beginning inventory $30,000 Conversion costs for units started during the period$80,000 What is the cost per equivalent unit for materials if the weighted average cost method is used? 3 The direct materials costs and direct labor costs incurred by a production department are referred to as conversion costs del 3. The direct materials costs and direct labor costs incurred by a production department are referred to as conversion costs. a. True b. False 4. The direct labor costs and factory overhead costs incurred by a production department are referred to as conversion costs. a. True b. False 5. The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department received 58,000 liters from the Purifying Department. During the period, the Bottling Department completed 56,000 liters, including 4,000 liters of work in process at the beginning of the period. The ending work in process was 6,000 liters. How many liters were started and completed during the period