Conversion cost is composed of Select one: O a. manufacturing overhead O b. equivalent units in ending Inventory O c. direct labor and manufacturing overhead od direct material and manufacturing overhead Equivalent units is computed using which of the following formulas? Select one: O a. Equivalent units = Number of partially completed units X (100% Percentage completion O b. Equivalent units = Number of completed units X (100% - Percentage completion) O c. Equivalent units = Number of partially completed units x Percentage completion O d. Equivalent units = Number of completed units x Percentage completion In a process costing system, manufacturing overhead cost is also called conversion cost Select one: True False The units in beginning work in process inventory plus the units started into production must equal the units transferred out of the department plus the units in ending work in process inventory. Select one: O True O False When all materials are added at the beginning of the production process, under a weighted average process costing system the equivalent units for materials is equal to the units completed and transferred out. Select one: O True False Mccabe Corporation uses the weighted average method in its process costing. The following data pertain to its Assembly Department for September. Percent Complete Units Materials Conversion 1,700 55 % 10 % 9,100 Work in process, September 1 Units started into production during September Units completed during September and transferred to the next department Work in process, September 30 8,200 2,600 75 % 25 % Required: Compute the equivalent units of production for materials costs for the Assembly Department for September using the weighted-average method. Select one: a. 10000 Ob10500 c. 10150 d. 11000