23. Perry Company started 6,000 units during the month of March. 600 units were in the beginning work in process inventory and 400 units in the ending work in process inventory. Units completed and transferred out during March will be: a) 6,000 b) 6,400 c) 6,200 d) 5,400 Answer: c Difficulty: Easy Learning Objective: Assign costs to mass-produced products using equivalent units to the production process CPA: Management Accounting Bloomcode: Comprehension 24. Salmon Manufacturing Company uses a process costing system. Direct materials are added at the beginning of the process. During January, Department Q had a beginning inventory of 2,000 units, 25% complete for conversion costs. During the month 14,000 units were started and there were 1,000 units in ending inventory, 60% complete for conversion costs Using FIFO process costing, the equivalent units for direct materials for the month were: a) 13,600 b) 14,000 c) 16,000 d) 15,600 Answer:b Difficulty: Easy Learning Objective: Apply and compare FIFO and the weighted average methods in process costing CPA: Management Accounting Bloomcode: Application 25. Salmon Manufacturing Company uses a process costing system. Direct materials are added at the beginning of the process. During January, Department Q had a beginning inventory of 2,000 units, 25% complete for conversion costs. During the month 14,000 units were started and there were 1,000 units in ending inventory, 60% complete for conversion Using weighted average process costing, the equivalent units for direct material for the month were: 25. Salmon Manufacturing Company uses a process costing system. Direct materials are added at the beginning of the process. During January, Department Q had a beginning inventory of 2,000 units, 25% complete for conversion costs. During the month 14,000 units were started and there were 1,000 units in ending inventory, 60% complete for conversion costs. Using weighted average process costing, the equivalent units for direct material for the month were: a) 13,600 b) 14,000 c) 16,000 d) 15,600 Answer: C Difficulty: Easy Learning Objective: Apply and compare FIFO and the weighted average methods in process costing CPA: Management Accounting 26. Salmon Manufacturing Company uses a process costing system. Direct materials are added at the beginning of the process. During January, Department Q had a beginning inventory of 2,000 units, 25% complete for conversion costs. During the month 14,000 units were started and there were 1,000 units in ending inventory, 60% complete for conversion costs. Using weighted average process costing, the equivalent units for conversion costs for the month were: a) 14,100 b) 14,000 c) 16,000 d) 15,600 Answer: d Difficulty: Easy Learning Objective: Apply and compare FIFO and the weighted average methods in process costing CPA: Management Accounting 27. Gholson, Inc. employs a process costing system in which direct materials are added at the beginning of the process. Direct material costs from the prior period for beginning work in process are $1,250. The current period's direct material costs total $31,500. The company began the period with 500