Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory June 1 2,000 94 81 Work-in-process inventory June 30 3,300 61 38 Started processing during June 8,300 Total equivalent units for materials under the weighted-average method are calculated to be: Multiple Choice 8,177 equivalent units. 7,168 equivalent units. 9,013 equivalent units. 7,323 equivalent units. 8,254 equivalent units.

Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory June 1 2,100 88 83 Work-in-process inventory June 30 3,400 63 44 Started processing during June 8,400 Total equivalent units for conversion under the weighted-average method are calculated to be: Multiple Choice 9,242 equivalent units. 7,293 equivalent units. 8,596 equivalent units. 7,444 equivalent units. 8,630 equivalent units.

Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory June 1 2,100 95 86 Work-in-process inventory June 30 3,400 66 46 Started processing during June 8,400 Total equivalent units for conversion under the FIFO method are calculated to be: Multiple Choice 9,398 equivalent units. 7,166 equivalent units. 9,240 equivalent units. 9,042 equivalent units. 6,858 equivalent units.

How is unit product cost calculated? Multiple Choice

Dividing all costs by the number of units started during the period.

Assigning all indirect costs to overhead and estimating the cost of each unit produced.

Dividing total process costs by the number of units sold during the period.

Dividing process costs in each department by the number of equivalent units produced during the period.

Dividing overhead costs by the number of equivalent units produced during the period.

Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (36,000 units): Direct materials (100% completed) $ 122,400 Conversion (50% completed) 76,800 Balance in work in process inventory, July 1 $ 199,200 Units started during July 90,000 Units completed and transferred 102,000 Work-in-process inventory, July 31: Direct materials (100% completed) 24,000 Conversion (50% completed) Cost incurred during July: Direct materials $ 180,000 Conversion costs 288,000 The cost of goods completed and transferred out under the weighted-average method is calculated to be:

Multiple Choice $476,400. $96,000. $468,200. $571,200. $484,000. Hook Bait Incorporated processes king salmon for various distributors.

Two departments are involved processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory June 1 2,500 94 85 Work-in-process inventory June 30 3,800 65 46 Started processing during June 8,800 Total equivalent units for materials under the FIFO method are calculated to be:

Multiple Choice 9,248 equivalent units. 9,970 equivalent units. 7,620 equivalent units. 7,779 equivalent units. 8,929 equivalent units.