21. A manufacturing process has beginning and ending work in proces inventories of 55% and 25% complete, respectively. Materials are added at the beginning of the process. Ifthe weighted average costing method is the total equivalent units for materials will equal the number of units: (a) Started into the process plus the units in beginning inventory (b) Transferred out during the period. (c) Started into the process during the period. (d) Started into the process plus the units in the ending inventory 22 The Ferme Company uses a process cost accumulation system which had 50,000 units in process on December 31, 20X7. These units were 60% complete as to materials and 30% complete as to conversion costs. The company's records show 140,000 units were transferred to Finished Goods Inventory during 20X8. In addition, 20,000 units were on hand at the end of 20X8 which were 80% complete as to materials and 40% complete as to conversion costs. What is the number of equivalent units for conversion costs for 20X8's production using the FIFO method? (a) 113,000. (b) 133,000. (c) 160,000. (d) 117,000. Surrey, Inc. incurred $318,000 in direct materials costs during May. There were 15,000 units in the manufacturing process on May 1 that had direct materials costs of S32.000 assigned to them, but were only i0% complete as to direct materials. No additional units were transferred into the manufacturing process during May, and there were no units in the manufacturing process at the end of May. What is the cost per equivalent unit (rounded to the nearest cent) for direct materials for May, assuming that Surrey, Inc. uses weighted average costing? (a) $25.93 (b) $23.33. (c) $21.20. (d) $23.56. 23. Use the following information to answer Questions 24 and 25. The following information relates to Victoria Corporation for the past accounting period