Job order and process costing system

1 CO B Assume there was no beginning work in process inventory and the ending work in process inventory is 70% complete with respect to conversion average method, the number of equivalent units of production with respect to conversion costs would be (Points: 5) 0 the same as the units completed. O less than the units started during the period. 0 the same as the units started during the period. O less than the units completed. 2. (TCO B) Which of the following companies would be most likely to use a process costing system rather than a job-order costing system? (Points : S) O Crude oil refining O Shipbuilding 0 A costume maker that makes specialty costumes for figure skaters O A law firm 3(TCO B Luft Company uses the weighted average method in its process costing system, Operating data for the first processing department for the month Units Percent Complete With Respect to Conversion 90% Beginning work in process inventory Started in production during June Ending work in process inventory 11,000 58,000 7,000 10% According to the company's records, the conversion cost in beginning work in process inventory was $79,893 at the beginning of June. Additional conversion in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round to three decimal places.) (Points:5) $7.891 $8.070 $5.928 $4.584