I want to ask number 51 until 53 please... Thank You

THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 51 THR The Rest-a-Lot chair company manufacturers a standard recliner. During February Assembly Department started production of 75,000 chairs. completed 80,000 chairs, and transferred them to the Finishing Department. The firm the month with 10,000 chairs in ending inventory. inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the p of process costing is used by Rest-a-Lot. Beginning work in process was 30% complete as to conversion co OUGH 54. the firm's During the month, the firm There were 15,000 chairs in beginning roduction process. The FIFO method sts, while ending work in process was 80% complete as to conversion costs. Beginning inventory: Direct materials Conversion costs $24,000 $35,000 Manufacturing costs added during the accounting period Direct materials Conversion costs $168,000 $278,000 How many of the units that were started during February were completed during February? a. 85,000 b. 80,000 c. 75,000 d. 65,000 51. 9 0-ro Difficulty: 2 Objective: 6 Answer: d 75,000 10,000 65,000 52. What were the equivalent units for conversion costs during February? ? a. 83,500 b. 85,000 C. 75,000 d. 79,500 ? Answer: a Difficulty: 2 Objective: 6 (15,000 x 0.7) + 65,000+ 10,000 (0.8) 83,500 53. What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of February? a. $19,200 b. $22,400 c. $25,600 d. $22,500 Difficulty: 3 Objective: 6 Answer: b $168,000/75,000 $2.24 x 10,000- $22,400 Chapter 17 Page 13