COTB MC Qu. 4-92 (Algo) Assume a company uses the weight-average... Assume a company uses the weight-average method in its process costing. lts Work in Process T-account for the Refining Department for August is: The August 1 work in process inventory consisted of 6,000 units with $49,000 in materials cost and $13,000 in conversion cost. The August 1 work in process inventory was 100% complete with respect to materials and 40% complete with respect to conversion. During August 48,000 units were started into production. The August 31 work in process inventory consisted of 8,000 units that were 100% with respect to materials and 60% complete with respect to conversion. The cost per equivalent unit for materials is closest to: Multiple Choice $7.95. $6.65. $9.45. $8.65. COTB MC Qu. 278 (Algo) Assume a company has two manufacturing... Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one particular job completed during the year- Job Z Assume the company uses departmental predetermined overhead rates. It uses direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in Fabrication. How much manufacturing overhead would be applied from both departments to Job Z? Multiple Choice $169 $158 $149 $140