D Question 7 3.33 pts Zuniga, Inc. uses a process costing system. During May, 1.200 units were started into production. Direct materials are added at the beginning of the process. Additionally: On May 1: Beginning inventories = 250 units, 40% complete Direct materials costs = $1,250 Conversion costs = $1,356 During May: Direct materials costs incurred - $6,000 Conversion costs incurred = $17,013 On May 31: Ending Inventories - 350 units, 20% complete Using the weighted average method, the number of equivalent units for conversion costs was 1,380 1,170 1.020 1,070 Next Question 9 When overhead is over applied Work in process inventory is understated Finished goods inventory is understated Cost of goods sold is overstated Cost of goods sold is understated Question 10 3.33 pts Sitwell Corporation manufactures titanium and aluminum tennis racquets. Sitwell's total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Assembly 500 mach. hours 500 mach. hours $45,000 Inspections 150 350 $75,000 Sitwell is considering switching from one overhead rate based on labor hours to activity-based costing. Using activity-based costing, how much Inspections cost is assigned to Titanium racquets? $37,500 $45,000. $52,500 $22,500