-4. Selected accounts with some debits and credits omitted are presented as follows: Work in Process 1,030,000 Aug. Balance 275,000 Aug. 31 Goods finished 31 Direct materials 31 Direct labor 31 Factory overhead 450.00030) Factory Overhead 145,000 Aug. 1 15,000 Balance 31 Applied Aug. 1-31 Costs incurred If the balance of Work in Process at August 31 is $220,000, what was the amount debited to Work in Process or factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? $135,000 b. $10,000 c. $70,000 d. $120,000 Carmelita Inc,, has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materials Conversion Costs $2,500 6,200 $22,252 150,536 At the beginning of the period, there were 500 units in process that were 60 percent complete as to conversion costs and 100 percent complete as to direct materials costs. During the period 4,500 units were started and completed. Ending inventory contained 340 units that were 30 percent complete as to conversion costs and 100 percent complete as to materials costs. (Assume that the company uses the FIFO process cost method.) 5. The equivalent units of production for direct materials and conversion a. 4,602 for direct materials and 4,802 for conversion costs. b. 4,902 for direct materials and 4,802 for conversion costs. c. 5,340 for direct materials and 4,902 for conversion costs. d. 4,840 for direct materials and 4,802 for conversion costs. costs, respectively, were