1. Which of the following would use process costing? 1. A Accounting firm B. Custom furniture manufacturer c. Crayon manufacturer D. Airplane manufacturer 2. Equivalent units are usually determined for: A direct materials and conversion costs. B. direct labor and conversion costs. C direct materials only. D. conversion costs only. 3. Recording the transfer of the cost of items completed in the Forming Department to the Packaging Department would include a: A credit to Work in Process Inventory-Packaging B debit to Work in Process Inventory-Forming. C debit to Finished Goods Inventory D. debit to Work in Process Inventory-Packaging, 4. Conversion costs include: A direct labor and manufacturing overhead. B manufacturing overhead only C direct materials and direct labor. D. direct materials and manufacturing overhead. 5. The number of equivalent units is computed as: A the number of complete units transferred to the next process. B. the number of physical units x percentage of completion c. the number of partially complete units plus the number of units transferred to the next process. 0 beginning Work in Process inventory plus the units transferred in from the previous process. 6. Hay Company had 3,000 units in its beginning inventory 2,000 units in its ending inventory, and completed and transferred out 14,000 during the month. What are the total units to account for? A 13,000 B. 16,000 c. 17,000 D. 19.000 7. Which of the following is included in the costs transferred out of the second process of a three-step production process? A Costs incurred in the current process B. Costs incurred in the previous process C. Costs of the previous process combined with costs of the current process D. Costs of the current process combined with costs of the next process 6. Hay Company had 3,000 units in its beginning inventory,2,000 units in its ending inventory, and completed and transferred out 14.000 during the month. What are the total units to account for? A 13,000 B 16,000 C. 17.000 D. 19,000 7. Which of the following is included in the costs transferred out of the second process of a three-step production process? A Costs incurred in the current process B. Costs incurred in the previous process c. Costs of the previous process combined with costs of the current process D. Costs of the current process combined with costs of the next process 8. The Shaping Department started the month with a beginning Work in Process inventory of $15.000. During the month, it was assigned the following costs: direct materials, $120.000, direct labor, $40,000; overhead allocated at the rate of 20% of direct labor cost. Inventory with a cost of $160,000 was transferred to finished goods. What was the ending balance of Work in Process inventory for the department? A $8,000 B. $23,000 C$168,000 D. $183.000 9. There are 10,000 units in Work in Process inventory for the Mixing Department at the end of the month. The units were 60% complete for conversion costs. What are the equivalent units for corwersion costs using the weighted average method? A 600 B. 4,000 C. 6,000 D. 10,000 10. Using the same information as in Question 9, assume that the beginning Work in Process inventory for the Mixing Department had $12,000 in conversion costs; and that $30,000 in conversion costs were added during the month. What is the cost per equivalent unit for conversion costs? A $3.50 B$4.20 C. $5.00 D$7.00