8 pts Question 22 Wilco Inc. uses a process costing system with two cost categories (Materials and Conversion). Wilco completed and transferred out 45,000 units during the most recent period. Wilco also computed that they had 50,000 equivalent units of materials and 47,500 equivalent units of conversion. If the material cost per equivalent unit was $2.50 and the conversion cost per equivalent unit is $3.00, what is the cost of goods completed and transferred out? O Some other answer $267,500 $261,250 $247,500 $250,000 Question 23 8 pts Wilco Inc. uses a process costing system with two cost categories (Materials and Conversion). Wilco completed and transferred out 45,000 units during the most recent period. Wilco also computed that they had 50,000 equivalent units of materials and 47,500 equivalent units of conversion. If the material cost per equivalent unit was $2.50 and the conversion cost per equivalent unit is $3.00, what is the ending balance of WIP? $7,500 247,500 $20,000 Some other answer O $12,500 Question 24 8 pts Wilco Inc. uses an activity-based costing system with 3 cost pools (machine, inspection, shipping). The total budgeted MOH cost is $1,00,000 which is split among the three activity pools. Given the following information, determine the amount of MOH that would be allocated to product B. Cost in Pool Cost Driver Total Amount of Cost Driver Cost Driver used by Cost Driver used by Product A Product B 60,000 20,000 40,000 Machine Machine $600,000 Machine Hours Machine Machine Hours Hours Hours 10,000 6,000 4,000 Inspection Inspection $300,000 Inspection Inspection Inspection Hours Hours Hours Hours 5,000 2,000 Shipping $100,000 #Shipments 3,000 Shipments Shipments Shipments Total Cost in Pool Cost Driver Amount of used by Cost Driver Cost Driver used by Cost Driver Product A Product B 60,000 20,000 40,000 Machine Machine $600,000 Machine Hours Machine Machine Hours Hours Hours 10,000 6,000 4,000 Inspection Inspection $300,000 Inspection Inspection Inspection Hours Hours Hours Hours 5,000 2,000 Shipping $100,000 #Shipments 3,000 Shipments Shipments Shipments $600,000 Some other answer O $380,000 O $1,000,000 O $620,000 Question 25 8 pts Wilco Inc. uses an activity-based costing system with 3 cost pools (machine, inspection, shipping). The total budgeted MOH cost is $1,000,000 which is split among the three activity pools. Given the following information, determine the amount of MOH that would be allocated to product B if Wilco used a traditional costing system that allocated MOH on the basis of machine hours. Cost in Pool Cost Driver Total Amount of Cost Driver Cost Driver used by Cost Driver used by Product A Product B Machine $620,000 Machine Hours 50,000 Machine 20,000 30,000 Machine Machine Hours Hours Hours 10,000 6,000 4,000 nspection $280,000 Inspection Inspection Inspection Inspection Hours Hours Hours Hours 5,000 2,000 3,000 Shipping $100,000 # Shipments Shipments Shipments Shipments $620,000 $1,000,000 Total Cost in Pool Cost Driver Amount of used by used by Cost Driver Product A Product B 50,000 20,000 30,000 Machine Machine $620,000 Machine Hours Machine Machine Hours Hours Hours 10,000 6,000 4,000 Inspection Inspection $280,000 Inspection Inspection Inspection Hours Hours Hours Hours 5,000 2,000 3,000 Shipping $100,000 #Shipments Shipments Shipments Shipment $620,000 O $1,000,000 Some other answer O $600,000 O $400,000