Cunningham, Inc. sells MP3 players for $60 each. fixed costs total $120,000. How many MP3 players must Cunningham sell to earn net Vara5ie 0BU 7. income of $280,000? a. 20,000 b. 7,000. c. 5,000 d. 6,000 8.A product requires processing in two departments, the Baking Department and then the Packaging Department, before it is completed. Costs transferred out of the Baking Department will be transferred to: a. Finished Goods Inventory. b. Cost of Goods Sold. c. Work in Process-Packaging Department d. Manufacturing Overhead. 9. Barnes and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 10,000 units of ending work in process at 80% completion and 32,000 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period? a. 42,000 b. 40,000 c. 8,000. d. 30,000. 20,000 units in a process that are 70% complete are referred to as: a. 20,000 equivalent units of production. b. 8,000 equivalent units of production. c. 14,000 equivalent units of production. d. 6,000 equivalent units of production. 10, 11.Gantner Company had the following department information about physical units and percentage of completion: 60,000 180,000 50,000 work in process, May 1 (60%) Completed and transferred out Work in process, May 31 (40%) If materials are added at the beginning of the production process, what is the total number of equivalent units for materials during May? a. 240,000 b. 230,000. c. 224,000 d. 200,000