MANAGERIAL ACCOUNTING

7. Which of the following is not true of the complete units fora given process, A. The number of physical units are the same as their equivalert units as to direct materials B. The number of physical units are the same as their equivalent C. They are 100% complete as to either direct materials or D. The equivalent units as to direct materials and those as to units as to conversion. conversion nversion are the same * Use the following information to answer Questions 8 and 9 A department had 200 units of beginning work-in-process, which are 60% complete as to direct materials and 25% complete as to conversion. The department started 500 units during a given period The department completed and transferred out 600 units. At the end, there are 100 incomplete units remaining with 70% complete as to direct materials and 50% complete as to conversion. This ending work-in-process units have 70 equivalent units for direct materials, and 50 equivalent units for conversion. It has been determined that cost per equivalent unit for direct materials is $20, and that for conversion is $30. 8. The cost of completed units (600 units together) is: 9. (2 points) The cost of ending work-in-process (100 unfinished units together) is: S