43)

44)

45)

Soved Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding Department 43 Units: Beginning Inventory: 45,000 units, 100% complete as to materials and 60% complete as to conversion Units started and completed: 130,000 Units completed and transferred out 175,000 Ending Inventory: 40,000 units, 100% complete as to materials and 25% complete as to conversion points +421 Costs Costs in beginning Work in Process Direct Materials: 563.000 Costs in beginning Work in Process Conversion: 568.850 Costs incurred in February. Direct Materials: $420,600 Costs incurred in February - Conversion: $619.150 Calculate the cost per equivalent unit of materials Multiple Choice O $1.53 O $2.47 O $1.96 $2.94 O $3.24 Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: 44 Units: Beginning Inventory: 86,000 units, 70% complete as to materials and 25% complete as to conversion Units started and completed: 256,000. Units completed and transferred out: 342,000. Ending Inventory: 33,000 units, 40% complete as to materials and 10% complete as to conversion 1 points 01. Costs Costs in beginning Work in Process Direct Materials: $37,200. Costs in beginning Work in Process Conversion: $79.700. Costs incurred in October - Direct Materials: $646.800. Costs incurred in October . Conversion: $919.300. Calculate the equivalent units of conversion Multiple Choice O 256,000 O 323.800 303.600 O 378.300 388,200 Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department 45 points Units Beginning Inventory: 90,000 units, 70% complete as to materials and 20% complete as to conversion. Units started and completed: 260,000 Units completed and transferred out: 350,000 Ending Inventory. 35.000 units, 40% complete as to materials and 15% complete as to conversion, Costs: Costs in beginning Work in Process - Direct Materials: $47.200 Costs in beginning Work in Process - Conversion: 589,700, Costs incurred in October - Direct Materials: 5759,920 Costs incurred in October - Conversion: $929,300. Otto Calculate the cost per equivalent unit of materials Multiple Choice $262 O $2.36 O $209 O $2.52 O $2.22