13. For which of the following businesses would the process cost system be most appropriate? a) Commercial building contractor Crude oil refinery Custom furniture manufacturer Automobile repair shop b) c) d) e) Both "a" and "b 14. A company uses the weighted-average method for inventory costing. At the end of the period, 22,000 units were in the ending goods in process inventory and are 100% complete for materials and 75% complete for labor and overhead. The equivalent costs per unit are, materials, $2.65, labor, $2.15, and overhead, $3.20. Compute the cost that would be assigned to the ending goods in process inventory for the period a) b) c) d) e) $146,575 $176,000 $87,725 $93,775 $132,000 15. Assume you have 18,000 FIFO equivalent units for conversion costs and the total raw material cost for the 'period is $60,000, Factory Labor is $56,000, and Factory Overhead is $25,000. What is the conversion cost per equivalent unit? a) $.72 b) $4.50 c) $5.00 d) $5.50 e) $3.11