Angus Corporation uses a process costing system for the month of May. the total equivalent units of production for conversion costs is 47.500 units Beginning work in process inventory consisted of 15.000 units, which were SON complete with respect to conversion costs. Ending work in process Inventory consisted of 10,000 units, which were 75% complete with respect to conversion costs. How many units were started during the month of May? O 35,000 units O 40,000 units 42,500 units 46,000 units O None of the above Question 5 5 pts Angus Corporation uses a process costing system. For the month of May. the total equivalent units of production for conversion costs is 47.500 units. Beginning work in process inventory consisted of 15.000 units, which were 60% complete with respect to conversion costs. Ending work in process inventory consisted of 10,000 units, which were 75% complete with respect to conversion costs. How many units were started during the month of May? 35,000 units 40,000 units 42,500 units O 46,000 units None of the above Here are data regarding Moraine Company for the month of August. Purchases of raw materials Direct labor used Manufacturing overhead applied Cost of goods sold Increase in raw materials inventory balance Decrease in work in process inventory balance $120.000 $190.000 $210,000 $570,000 $15,000 $23,000 All raw materials are direct materials. What is the change in the finished goods inventory balance during the month of August? Increases by $34,000 - Decreases by $42,000 Increases by $56,000 5pts On September 1, Palm Enterprises' work in process inventory had a balance of $9,500 and included only one job (Job 17). During September, $40,800 of direct materials and $18,000 of direct labor were used to complete Job 17. Manufacturing overhead costs are allocated at a rate of 120% of direct labor costs. Palm did not start any new jobs during September and Palm completed Job 17 on September 24. What is the total cost of producing Job 17? (Do not enter a dollar sign.) Ple Company has two sequential processing departments, aing and Packaging. The Packaging Department reports the following results for the month of July Work in process inventory, July 31 Costs of units completed and transferred to finished goods Direct materials added Conversion costs incurred 5177.000 S845.000 SI55.000 5239,000 To record the transfer of products from the Baking Department to the Packaging Department during the month of July, Pie Company's accountant made a journal entry in which she debited Work in Process-Packaging Department for $530,000, and credited Work in Process-Baking Department for $530,000. What was the balance in the Packaging Department's work in process inventory on July 1? (Do not enter a dolla sign.) Robin Company's cost of goods sold for the current year is $709 000, betore any adjustment for overapplied or underapplied manufacturing, overhead. Actual manufacturing overhead is $150,000 and manufacturing overhead applied is $184,000. The difference between actual and applied overhead is immaterial. If sales revenue is $980,000, what is Robin's actual gross profit? O $305,000 O $271.000 O $237.000 $221,000 None of the above