4. Suppose that, over a period, the average raw material unit cost was $ 4.85 and the average conversion cost was $ 9.15. At the end of the period, there were 600 units in process, with 100% of the raw material and 65% of the conversion costs. How much is the balance of the inventory of goods in process at the end of the period?

to. $ 6,479 b. $ 8,400 c. $ 5,460 d. $ 5,850

5. A company considers it normal for 5% of the units that are completed to be spoilage and transferred to finished goods inventory. In the most recent period, 5,000 units were completed and transferred and 350 units were damaged. How is the cost of damaged units accounted for?

to. The cost of the 350 units is added to the cost of the 5,000 units transferred.

b. The cost of the 350 units is charged to expense for the period.

c. The cost of 250 units is added to the cost of the 5,000 units transferred and the cost of 100 units is charged to expense for the period.

d. The cost of the 350 units is recognized in a separate damaged goods inventory account.

8. A production system that combines Job costing and Process costing features is known as:

to. Operations costing c. Job-process costing

b. Backflush costing d. There is no such system