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Click to watch the Tell Me More Learning Objective 4 video and then answer the questions below. 1. Which of the following is true of
Click to watch the Tell Me More Learning Objective 4 video and then answer the questions below. 1. Which of the following is true of the calculation of equivalent units when there is nonuniform application of manufacturing inputs? a. Equivalent units are calculated using weighted average cost method only b. The ending work in process is ignored in the calculation of equivalent units. c. Equivalent cost of ending work in process is considered as the equivalent cost throughout the period. d. Equivalent units are calculated for each category of manufacturing input. 2. The hard disk department of a computer manufacturing company had the following data for July. Production: Units in process, July 1, 60% complete 12,000 Units completed and transferred out 40,000 Units in process, July 31, 50% complete 25,000 Assume that all materials are added at the beginning of the process. The company follows the weighted average method. What is the equivalent unit of output of the hard disk department for July considering the nonuniform application? a. Equivalent units (materials) $40,000 and equivalent units (conversion) $52,500 b. Equivalent units (materials) $65,000 and equivalent units (conversion) 552,500 c. Equivalent units (materials) $65,000 and equivalent units (conversion) $65,000 d. Equivalent units (materials) $40,000 and equivalent units (conversion) $65,000 3. Which of the following is true of the transferred-in goods while calculating equivalent units? a. The transferred-in goods are usually treated as a separate material category. b. The cost of transferred-in goods is added to the material costs. c. The cost of transferred-in goods is added to the conversion costs. d. The transferred-in goods are not considered in the calculation of equivalent units
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