At OxyCorp, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include

WIP beginning (55% for conversion)	13,700 units
Units started	125,000 units
Units completed and transferred out	116,500 units
WIP ending (35% for conversion)	22,200 units
Beginning WIP transfer costs	$40,000
Beginning WIP direct materials	$50,300
Beginning WIP conversion costs	$22,500
Costs of transfer costs added	$360,000
Costs of materials added	$412,000
Costs of conversion added	$301,000

Please calculate using the average cost method:

1) Units to be accounted for ?

A) 116,500

B)124,270

C)125,000

D)138,700

2) Amount of transferred in costs to be accounted for?

A) $323,500

B) $400,000

C) $462,300

D) $1,185,800

3) Amount of work in process costs to be accounted for?

A) $323,500

B) $400,000

C) $462,300

D) $1,185,800

4) Amount of conversion costs to be accounted for?

A) $323,500

B) $400,000

C) $462,300

D) $1,185,800

5) Number of transferred in costs equivalent units?

A) 116,500 units

B) 124,270 units

C) 138,000 units

D) 138,700 units

6) Number of direct materials equivalent units?

A) 116,500 units

B) 124,270 units

C) 138,000 units

D) 138,700 units

7) Number of conversion costs equivalent units?

A) 116,500 units

B) 124,270 units

C) 138,000 units

D) 138,700 units

8) Costs per transferred in costs equivalent unit?

A) $2.60

B) $2.88

C) $3.33

D) $8.81

9) Cost per direct materials equivalent unit?

A) $2.60

B) $2.88

C) $3.33

D) $8.81

10) Cost per conversion costs equivalent unit?

A) $2.60

B) $2.88

C) $3.33

D) $8.81

11) Value of ending inventory?

A) $158,064

B) $195,582

C) $1,026,365

D) $1,184,429

12) Value of cost of goods sold?

A) $158,064

B) $195,582

C) $1,026,365

D) $1,184,429

13) Cost per conversion costs equivalent unit?

A) $158,064

B) $195,582

C) $1,026,365

D) $1,184,429