Chapter M3 Test - Google Chrome mylab.pearson.com/Student/PlayerTest.aspx?testid=244312639¢erwin=yes BUSI1B 1606 Fall 22 = Test: Chapter M3 Test >> 0 Question 2 of 7 Jaclynn Cortez 09/14/22 12:49 PM This test: 20 point(s) possible This question: 3 point(s) possible Submit test Insetto Biological Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments-Mixing, Refining, and Packaging. On January 1, the first department-Mixing-had no beginning inventory. During January, 40,000 fl. oz. of chemicals were started in production. Of these, 32,000 fl. oz. were completed and 8,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted average method is used. At the end of the month, Insetto calculated equivalent units. The ending inventory in the Mixing Department was 62% complete with respect to conversion costs. With respect to conversion costs, how many equivalent units were calculated for the product that was completed and for ending inventory? A. Product completed: 32,000 equivalent units; Products in ending inventory: 4,960 equivalent units B. Product completed: 40,000 equivalent units; Products in ending inventory: 4,960 equivalent units C. Product completed: 40,000 equivalent units; Products in ending inventory: 8,000 equivalent units D. Product completed: 32,000 equivalent units; Products in ending inventory: 8,000 equivalent units 75F Sunny Time Remaining: 00:58:50 Next 12:49 PM 9/14/2022