If a department had 1,000 units completed and transferred and 1,500 units at the end of the period that were 40% complete with respect to direct materials, what is the total number of equivalent units of production (EUP) for direct materials?*

600

1000

1600

400

If a production department had beginning inventory of 15,000 units and they started 60,000 new units during the period. (a) How many units total are there to account for for this period? (b)Also, if the production department had 25,000 units left in ending inventory for the period, how many units were completed and transferred out? Hint: Use the physical flow of units.*

1 point

75,000 units to account for and 50,000 units completed and transferred

50,000 units to account for and 75,000 units completed and transferred

60,000 units to account for and 25,000 units completed and transferred

75,000 units to account for and 15,000 units completed and transferred

The journal entries for a job order costing system and a process costing system are very similar. After a product is complete (i.e., it has been moved through all of the processes in a process cost system) what is the journal entry to transfer $150,000 of completed goods to the finished goods inventory?*

Debit Completed Goods $150,000 Credit Finished Goods Inventory $150,000

Debit Work in Process Inventory $150,000 and Credit Factory Overhead $150,000

Debit Work in Process Inventory $150,000 and Credit Finished Goods Inventory $150,000

Debit Finished Goods Inventory $150,000 and Credit Work in Process Inventory $150,000