For the next three items:

Acer Corporation. has the following information for June (SEE PICTURE BELOW): All material is added at the start of the process and all finished products are transferred out.

1. How many units were transferred out in June?

15,500

18,000

21,500

24,000

2. Assume that weighted average process costing is used. What is the cost per equivalent unit for material?

0.55

1.05

1.31

1.83

3. Assume that FIFO process costing is used. What is the cost per equivalent unit for conversion?

3.44

4.24

5.71

7.03

6,000 units 24,000 units Beginning Work in Process Inventory (70% complete as to conversion) Started Ending Work in Process Inventory (10% complete as to conversion) Beginning WIP Inventory Costs: Material Conversion 8,500 units P23,400 50,607 Current Period Costs: Material Conversion P31,500 76,956