25. A company uses the weighted-average method for inventory costing. At the end of the period, 29,000 units were in the ending Work in Process inventory and are 100% complete for materials and 82% complete for conversion. The equivalent costs per unit are materials, $2.72, and conversion $2.20. Compute the cost that would be assigned to the ending Work in Process inventory for the period.

A) $131,196.

B) $235,480.

C) $127,862.

D) $207,292.

E) $193,094.

24.Luker Corporation uses a process costing system. The company had $166,500 of beginning Finished Goods Inventory on October 1. Luker completed and transferred to finished goods a total of $843,000. The ending Finished Goods Inventory balance on October 31 was $164,200. The entry to account for the cost of goods manufactured during October is:

A) Debit Cost of Goods Sold $843,000; credit Finished Goods Inventory $843,000.

B) Debit Cost of Goods Sold $845,300; credit Work in Process Inventory $845,300.

C) Debit Finished Goods Inventory $843,000; credit Work in Process Inventory $843,000.

D) Debit Finished Goods Inventory $164,200; credit Cost of Goods Sold $164,200.

E) Debit Cost of Goods Sold $845,300; credit Finished Goods Inventory $845,300.

23. Wyman Corporation uses a process costing system. The company manufactured certain goods at a cost of $910 and sold them on credit to Percy Corporation for $1,295. The complete journal entry to be made by Wyman at the time of this sale is:

A) Debit Accounts Receivable $1,295; credit Sales $1,295; debit Cost of Goods Sold $910; credit Finished Goods Inventory $910.

B) Debit Accounts Receivable $1,295; credit Sales $385; credit Finished Goods Inventory $910.

C) Debit Cost of Goods Sold $1,295; credit Sales $1,295.

D) Debit Finished Goods Inventory $910; debit Sales $1,295; credit Accounts Receivable $1,295; credit Cost of Goods Sold $910.

E) Debit Accounts Receivable $1,295; debit Selling expense $910; credit Sales $1,295; credit Cost of Goods Sold $910.