1. If 20,000 units of materials enter production during the first year of operations, 16,000 of the units are finished, and 4,000 are 40% completed, the number of equivalent units of production would be 18,4000.
   1. True
   2. False
2. If 12,000 units of materials enter production during the first year of operations, 10,000 of the units are finished, and 2,000 are 80% completed, the number of equivalent units of production would be 11,6000.
   1. True
   2. False
3. If the costs for direct materials, direct labor, and factory overhead were $436,800, $54,600, and $26,600 respectively for 14,000 equivalent units of production, the total conversion cost was $518,000.
   1. True
   2. False
4. If the costs for direct materials, direct labor, and factory overhead were $75,000, $40,000, and $110,000 respectively for 25,000 equivalent units of production, the total conversion cost per equivalent unit was $9.
   1. True
   2. False
5. If the costs for direct materials, direct labor, and factory overhead were $436,800, $54,600, and $26,600 respectively for 14,000 equivalent units of production, the total conversion cost per equivalent unit was $5.80.
   1. True
   2. False
6. If 18,000 units which were 25% completed are in process at November 1, 70,000 units were completed during November, and 15,000 were 40% completed at November 30, the number of equivalent units of production for November was 62,500. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method).
   1. True
   2. False

1. The number of units of product completed during the period plus the number in process at the end of the period is the total units to be accounted for in the cost of production report.
   1. True
   2. False
2. The number of units of product finished during the period plus the number in process at the beginning of the period is the total units to be accounted for in the cost of production report.
   1. True
   2. False
3. A department that does nor process materials directly but renders services for the benefit other departments is called a service department.
   1. True
   2. False
4. the Maintenance and Repair Department, which provides repair services to all departments, is and example of a service department.
   1. True
   2. False
5. The Assembly Department, which assembles all products, is an example of a service department.
   1. True
   2. False