4) When the weighted average method of process costing is used, a department's equivalent units are computed by: 4 A) subtracting the equivalent units in beginning inventory from the equivalent units in ending inventory B) subtracting the equivalent units in beginning inventory from the sum of the units transferred out and the equivalent units in ending inventory. subtracting the equivalent units in beginning inventory from the equivalent units for work performed during the period. D) adding the units transferred out to the equivalent units in ending inventory 5) Which of the following are needed to compute the cost per equivalent unit for materials under the weighted average method of process costing? A) B) Material cost assigned to beginning work in process Yes No Yes No Material cost added to production during the current period Yes Yes No D) No A) Option A B) Option B C) Option CD ) Option D 6) For which situation(s) below would an organization be more likely to use a process costing system of rather than a job-order costing system? 6) - A) a masonry company that builds brick walls, bulkheads, and walkways designed by architects B) a framing shop that builds picture frames to order for individual customers C) a shop that restores old cars to "showroom" quality D) a paper mill that processes wood pulp into large rolls of paper 7) Which of the following companies would be most likely to use a process costing system? 7) A) a law firm B) a utility producing natural gas C) a shipbuilder D) a furniture manufacturer 8) 8) Which of the following companies would be most likely to use a process costing system? A) Ship builder. B) Oil refinery. C) Movie studio. D) Hospital. 9) The Assembly Department started the month with 35,000 units in its beginning work in process inventory. An additional 472,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 34,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month? 9 A) 473,000 B) 541,000 C)507.000 D) 471,000