Ill take what ever you can help with!
19) 19) Which of the following is used to calculate the number of units accounted for under first-in-first-out (FIFO) method of inventory valuation of process costing? A) Accounted for Beginning balance In process B) Accounted for Beginning balance Started and completed In process Accounted for Beginning balance Amount transferred in D) Accounted for Beginning balance Started and completed 20 20) Under the first-in-first-out (FIFO) method, the current-period equivalent units of production for transferred in units in beginning inventory is zero because A) costs involved in inter-departmental transfers are accounted for only once when sales are made to customers B) these units are transferred back to the previous department for further processing in the O) these units are expected to be sold by the receiving department without subjecting them to D) no additional costs for these units were transferred in this period current period further processing 21) 21) Factory rent and utilities are debited to the A) Cost of Goods Sold account B) Manufacturing Overhead account C) Finished Goods Inventory account D) concerned Work-in-Process Inventory account 22) 22) The Refining Department of Sweet Sugar Inc. had 80,000 tons of sugar to account for in July. Of the 80,000 tons, 45,000 tons were completed and transferred to the Boiling Department, and the remaining 35,000 tons were 75% complete. The materials required for production are added at the beginning of the process. Conversion costs are added equally throughout the refining process Calculate the total equivalent units of production for direct materials. D) 45,000 units C) 71,250 units B) 26,250 units A) 80,000 units 23) In a production cost report, the number of total units to account for consists of A) units in process at the end of the period and units started or added during the period. B) units of completed and transferred out products and total units produced C) units in process at the beginning of the period and units started or added during the period D) units in process at the beginning of the period and units remaining at the end of the period 24 24) Costs incurred on goods sold are transferred to the Cost of Goods Sold account from the B) Sales Revenue account D) Finished Goods Inventory account A) Raw Materials Inventory account O Work-in-ProcessInventory account 25) Companies that manufacture identical items through a series of uniform production steps use 25) to determine cost per unit sold. A) the weighted-average method C) the first-in-first-out method B) a process costing system D) a job order costing system 29 26) Phoenix Inc he company's target full-product cost per unit 30% net profit margin on its product. using target pricing? What is t C) $235.29 A) $120.00 B) $280.00 D) $307.69
