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I- Using the data presented below, determine the figures that should be inserted in the blank spaces. Beginning Units transferred units in process Units started in to finished goods production a 700 3,200 b 2,300 c 1,200 4,500 5,100 d 1,000 e 2,200 8,200 2,400 Equivalent units of production Ending units in process 600 1/3 completed 400 -1/2 completed 2,450 5,500 - 1/2 completed 8,800 500 4/5 completed complete. Conversion costs are incurred uniformly. The activity in units for the Assembly Department during April is as follows: Work in process, April 1 (60% complete as to conversion) 5,000 32,000 2,500 28,500 6,000 Transferred in from Molding Department Defective at final inspection (within normal limits) Transferred out to finished goods inventory Work in process, April 30 (40% complete as to conversion) The number of equivalent units for direct materials in the Assembly Department for April calculated on the weighted average basis is IV-Achievers, Inc. uses a process costing system to accumulate costs related to silk scarf production. Selected data for scarf production for last quarter is provided below: Normal spoilage (discrete) Ending work in process (70%) II The following information is available for Mind Focus Co. for the month of May: Started this month Beginning work in process (40%) Abnormal spoilage 80,000 units 7,500 units 1,100 units 900 units 13,000 units Transferred out 72,500 units Beginning work in process-Cost: Materials Conversion P 10,400 13,800 Costs this month: Materials Conversion 120,000 350,000 All materials are added at the start of the process and the inspection point is at the end of the process. 1. What are the equivalent units of production for materials using FIFO? 2. What are the equivalent units of production for conversion costs using FIFO 3. What are the equivalent units of production for materials using weighted average? 4. What are the equivalent units of production for conversion costs using weighted average? 5. What is the cost per equivalent unit for materials using FIFO? 6. What is the cost per equivalent unit for conversion using FIFO? 7. What is the cost per equivalent unit for materials using weighted average? 8. What is the cost per equivalent unit for conversion costs using weighted average? 9. What is the cost assigned to ending inventory using FIFO? 10. What is the cost assigned to abnormal spoilage using FIFO? 11. What is the cost assigned to normal spoilage using weighted average? 12. What is the total cost assigned to goods transferred out using weighted average? III-A company manufactures a product that passes through two production departments, Molding and Assembly. Direct materials are added in the Assembly Department when conversion is 50% Unit cost, FIFO method FIFO equivalent units Materials ? (1) 4,200 Conversion ? (2) 4,500 Cost in beginning work in process P 630 P 270 Total cost to be accounted for P24,780 P ? (3)