9. NeoCon Inc. uses a weighted average process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory for January consisted of 1,000 units that were 40% completed. During the month, 10,000 units were started into the process. At the end of the month, the inventory consisted of 500 units that were 70% completed. What would be the equivalent units for direct materials cost? a) 10,000 b) 10,450 c) 10,850 d) 11,000 10. Doggy Inc. uses a weighted average process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory for January consisted of 1,000 units and 10,000 units were started into the process during January. On January 31, the inventory consisted of 500 units. Equivalent units for conversion costs were 10,850. What was the percentage of completion for conversion costs in the January 31 work in process inventory? a) 70% b) 80% c) 90% d) 100% 12. Two Gulps uses a weighted average process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 12,000 units for materials and 10,000 units for conversion costs. Beginning inventory consisted of $7,000 in materials and $4,000 in conversion costs. April costs we re $36,000 for materials and $40,000 for conversion costs. Ending inventory work in process inventory was 4,000 units which were 100% complete for materials, 50% for conversion. The value of ending inventory would be a) $15,966.60 b) $23,133.20 c) $31,933.20 d) $65,000.00 13. Jonas and Partners, a law firm, worked on a total of 1,000 cases this month, 800 of which were completed during the period. The remaining cases were 40% complete. The firm incurred $180,000 in direct labor and overhead costs during the period, and had $4,800 in direct labor and overhead costs in beginning inventory. Using the weighted average method, what was the total cost of cases completed during the period? a) $16,800 b) $17,520 c) $168,000 d) $175,200 Please answer the questions with explaination! Thanks