Calculator Print Item Use this information about Penny, Inc. to answer the question that follow. Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about the July activities: On July 1: Beginning inventories Direct materials cost Conversion costs 850 units, 60% complete $5,000 $4,000 During July Number of units started Direct materials added Conversion costs added $155,000 $83.520 On July 31: Ending inventories 1.600 units, 40% complete Using the FIFO method, the number of units started and completed in July was a. 15,740 6. 15,000 X c. 14,250 d. 13,400 Feedback Check My Work Incorrect. TIIVKerassignments&takeAssignmentSessionLocator assignment-take&inprogo Calculator Print Item Use this information about the Assembly Department to answer the question that follow. The debits to Work in Process --Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units Conversion costs, 3,000 units, 80% completed Materials added during April 10,000 units Conversion costs during April Goods finished during April 11,500 units April 30 work in process, 1,500 units, 60% completed $7,500 6,000 29,000 35,000 All direct materials are placed in process at the beginning of the process, and the average cost method is used to cost inventories. The conversion cost per equivalent unit (rounded to the nearest cent) for Aprilis a $3.31 x.b. 52.53 c. $2.70 d. $5.50 Feedback Check My Wor Incorrect