19.

A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 50,000 units to Department C. Also in Department B during the period, 10,000 units were started but brought only to a stage of being 60% completed. The number of equivalent units produced by Department B during the period was:

44,000 units.

50,000 units.

54,000 units.

56,000 units.

60,000 units.

20.

The process cost summary presents calculations of the cost of units completed during the reporting period, but does not present any information about the ending Work in Process inventory.

True

False

21.

Conversion cost per equivalent unit is the combined costs of direct materials and factory overhead.

True

False