2.

Chavez Corporation reported the following data for the month of July: Inventories: Raw materials Work in process Finished goods Beginning Ending $ 37,000 $35,000 $ 21,000 $27,000 $ 37,000 $52,000 Additional information: $71,000 $ 96,000 $ 64,000 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing overhead cost incurred Manufacturing overhead cost applied to Work in Process $10,000 $63,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for July is: Darden Corporation uses the weighted average method in its process costing system. The first processing department, the Welding Department, started the month with 21,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $24,200. An additional 100,000 units were started into production during the month. There were 33,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $852,880 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to: Multiple Choice 0 $11.486 0 $12.200 0 $7.880 Saada Corporation uses the weighted average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Percent Complete with Respect to Conversion 20% Beginning work in process inventory Transferred in from the prior department during March Ending work in process inventory Units 7,100 62,400 10,600 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.16. How much conversion cost was assigned to the units transferred out of the Fitting Department during March