Granison Company manufactures chairs. The following information was given for the company:

Use Figure A for questions 1, 2, and 3.

Figure A	Units	Materials	Conversion Costs
Beginning work-in-process inventory	0	$ -	$ -
Units started	20,000
Units completed and transferred to Finished goods	?
Ending work-in-process, 20% complete	5,000
Costs incurred during the period		$ 440,000	$ 64,000

Materials are added at the beginning of the process.

1. How many units were completed and transferred to finished goods?

	A. 20,000
	B. 10,000
	C. 15,000
	D. 40,000
	E. none of the above

2. What are the equivalent units for materials and conversion respectively?

	A. 20,000; 20,000
	B. 20,000; 16,000
	C. 15,000; 15,000
	D. 15,000; 14,000
	E. none of the above

3. What are the costs per unit for materials and conversion respectively?

	A. $22; $4
	B. $29.33; $4.27
	C. $11; $1.60
	D. $88; $64