Lancer Company uses the weighted average(WA) method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 5,000 Percent completed with respect to materials.. ..... 90% Percent completed with respect to conversion... 80% Cost in the beginning inventory: Material cost. $13,400 Conversion cost $ 8,200 Units started into production during the month ? Units completed and transferred out during month 30,000 Costs added to production during the month: Materials cost. $ 87, 800 Conversion cost $ 93, 000 Work in process, ending: Units in process 4,000 ..... 80% Percent completed with respect to conversion. Cost in the beginning inventory: Material cost .... $13,400 $ 8,200 ? ..30,000 $ 87, 800 EEE Conversion cost Units started into production during the month Units completed and transferred out during month Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent completed with respect to materials av.... Percent completed with respect to conversion.... $ 93, 000 4,000 . . . 75% 50% . How much is the unit cost per equivalent under the weighted average method? O A) $6.23 B)$3.07 C) $3.16 OD) $6.40 QUESTION 19 Determine the cost of Ending Inventory under Weighted Average A) 59,210 B)$15,530 C) 56,320 D) Cannot say QUESTION 21 How much is the Total Cost accounted for under Weighted Average ? O A) $160,000 B) $101,000 O C) $202,400 OD) $186,900 QUESTION 22 What is the total cost to complete Beginning Inventory plus the cost of units completed under FIFO ? A) $164,860 B) $196,860 C) $4,860 QUESTION 23 Which of the following companies would be most likely to use a process costing system? A) Ship builder. B) Movie studio. Oil refinery. OD) Hospital