19 System What are equivalent units for conversion costs, using FIFO method? c. 81,600 a. 75,600 d. 84,000 b. 80,400 55. Ivonne Corporation had beginning Work in Process inventory of 12,000 units that were 45% complete as to conversion cost. Ivonne started and completed 92,000 units this period and has ending Work in Process inventory of 22,000 units. How many units were started in this period? c. 102,000 a. 92,000 d. 106,000 b. 114,000 56. Irvin Corporation uses a weighted average processing costing system. Materials are added at the start of the process. Irvin started 26,000 units into production and had 9,000 units in process at the start of the period that were 60% complete as to conversion costs. If Irvin transferred out 23,500 units, how many units were in ending work in process inventory? a. 2,500 c. 7,000 b. 6,000 d. 11,500 What is the EUP of materials using Weighted Average Method? 11,500 c. 26,000 b. 35,000 d. 23,500 What is the EUP of materials using the FIFO method? a. 11,500 c. 26,000 35,000 d. 23,500 57. Bebe Corporation has an EUP of 248,750 units. Beginning inventory units of 22,500, 40% incomplete; ending inventory units of 24,000 60% complete, Conversion costs of beginning inventory of P9,800; current period conversion costs of P204,125. The unit conversion cost using weighted average method is: a. PO.82 c. PO.70 . PO.86 d. None of the choices The total units started in process: a. 249,350 c. 258,350 b. 235,850 d. 234,350 The total EUP of completed and transferred units is: a. 234,350 b. 235,850 c. 258,350 d. 248,750 Using FIFO method, the unit cost is: . P.82 b. P0.86 C. PO.70 d. None of the choicesChapter 9: A Closer look on Cost Accounting Using FIFO method, the started in process units 249,350 C. 258,350 a. b. 235,850 d. 234,350 Using FIFO method, the EUP of completed and transferred units is: a. 225,350 C. 247,850 b. 234,350 d. 249,350 58. Jan Corp., which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following selected information was taken from the company's accounting records: Total equivalent units of materials: 10,000 Total equivalent units of conversion: 8,800 Units started and completed during the period: 7,000 On the basis of this information, the ending work-in-process inventory's stage of completion is: a. 40% C. 70% b. 60% d. 80% 59. Jazh Corp. adds materials at the beginning of production and incurs conversion costs evenly throughout the process. The following data for the month of August: Number Conversion of Units Cost WIP Beg. 60,000 360,000 Started in August 180,000 810,000 Production completed 165,000 WIP end 75,000 Assuming the company uses a weighted average inventory method, the ending inventory units is 40% complete, compute the EUP of materials and conversion cost per unit? EUP Materials CC per unit a 165,000 P4.91 b . 195,000 P4.88 195,000 P6.00 240,000 P6.00Chapter 9: A Closer look on Cost Accounting Maria Corporation uses the process costing system. The following data are available from the books of Department 2. The quality control inspection takes place when the units are 75% completed and materials are added at the start of the process. Work in Process, beg. (40% completed) Units received Units 10,000 Units Completed and Transferred 40,000 Work in Process end (60% completed) 40,000 Normal lost ? Abnormal lost 2,000 3,000 /Using the FIFO method, The EUP for materials is: a. 40,000 b. 50,000 C. 60,000 d. 58,000 Using the FIFO method, The EUP for conversion costs is: a. 52,500 C. 40,000 b. 46,000 d. 42,750 Using the Weighted average method, The EUP for materials is: a. 40,000 C. 60,000 b. 50,000 d. 58,000 Using the Weighted average method, The EUP for conversion costs is: a. 52,500 C. 40,000 b. 46,750 d. 42,750 Using the same data, assume that the materials are added at the end of the process, the inspection takes place when the units are 80% completed and work in process end are 85% completed. Using FIFO method, the EUP for materials is: a. 40,000 c. 60,000 b. 50,000 d. 58,000 Using the FIFO method, The EUP for conversion costs is: a. 52,500 c. 40,000 d. 42,750 b. 44,250 Using the Weighted average method, The EUP for materials is: C. 60,000 a. 40,000 d. 58,000 b. 50,000 47754. Dante Company uses a weighted average process costing system and started 60,000 units this month. Dante had 24,000 units that were 20 percent complete as to conversion costs in beginning Work in Process Inventory and 6,000 units that were 40 percent complete as to conversion costs in ending Work in Process Inventory. What are equivalent units for conversion costs? a. 75,600 c. 81,600 b. 80,400 d. 84,000 479sting System Using the Weighted average method, The EUP for conversion costs is: c. 40,000 a. 48,250 d. 42,750 b. 46,750 Using the same data, assume that the materials are added after the inspection point, the inspection takes place when the units are 80 completed and work in process end are 90% completed. Using the FIFO method, The EUP for materials is: c. 44,500 a. 40,000 d.. 45,000 b. 50,000 Using the FIFO method, The EUP for conversion costs is: a. 52,500 c. 44,500 b. 44,250 d. 42,750 Using the Weighted average method, The EUP for materials is: a. 40,000 C. 60,000 b. 45,000 d. 58,000 Using the Weighted average method, The EUP for conversion costs is: a. 48,250 c. 48,500 b. 46,750 d. 42,750 52. Melchor Corp. had 15,000 units of beginning inventory, 65% incomplete; 12,500 ending inventory units 80% incomplete and 87,500 completed units. Using FIFO method, what is the EUP? a. 84,750 c. 82,250 b. 90,000 d. 87,500 What is the total number of units started in process using FIFO method? a. 85,000 b. 100,000 c. 87,500 d. 72,500 a. 84,750 Assuming the company uses Weighted Average method, what is the EUP? b. 87,500 c. 72,500 d, 90,000 What is the total number of units started in process using Weighted Average method? a. 85,000 b. 100,000 c. 87,500 d. 90,000