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27 Activities in the Sargent Corporation's Assembly Department for the month of March 27 follow Percent Complet Units Materials Conversion Work-in-process inventory, March 1 Started into production during March Work-in-process inventory, March 31 6,000 60% 45 % 4,000 35% 20% The equivalent units for materials for March, using the FIFO method, are: A) 59,800 units B) 64,800 units o 67,200 unitsD 66,000 units 28) Kota Toy Corporation manufactures lizard dolls in two departments, Molding and 28) Assembly. In the Molding Department, plastic is injected into a lizard-shaped mold. The dolls that come out of the molds are then transferred to the Assembly Department where hair is applied. Kota uses a weighted-average process cost system to collect costs in both On January 1, the Molding Department had 4,000 dolls in process. These dolls were 100% complete with respect to direct materials and 70% complete with respect to conversion cost. During January, Molding completed 79,000 dolls. On January 31, Molding had 7,000 dolls in work in process. These dolls were 100% complete with respect to direct materials and 25% complete with respect to conversion cost. hat account would Kota debit to record the transfer of dolls out of the Molding Department? A) Manufacturing Overhead C) Work in Process-- Assembly B) Work in Process -- Molding D) Finished Goods JA 29) 29y All of the following statements are correct when referring to process costing except: A) Costs are accumulated by department. process costing system has the same basic purposes as a job-order costing system. Process costing would be appropriate for a jeweler who makes custom jewelry to order D) Units produced are indistinguishable from each other