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13. Which of the following data are needed to calculate equivalent units under the weighted average method in process costing? A. units started during the
13. Which of the following data are needed to calculate equivalent units under the weighted average method in process costing? A. units started during the period and beginning work-in-process B. cost of goods manufactured and cost of goods sold C. cost of goods sold and ending work-in-process D. units completed during the period and beginning work-in-process E. units completed during the period and ending work-in-process 24. Lakeview Company began operations on January 1st of the current year. The company uses a process costing system and conversion cost is incurred evenly throughout manufacturing. By January 31st, the firm had completed 56,000 units. Which of the following statements could be true about the ending work-in-process inventory if equivalent units for conversion cost totaled 59,000 units? A. There is no ending work-in-process inventory B. The ending work-in-process inventory totaled 3,000 physical units. C. The ending work-in-process inventory of 20,000 physical units was 85% complete. D. The ending work-in-process inventory of 10,000 physical units was 30% complete. E. The ending work-in-process inventory of 5,000 physical units was 40% complete
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