Minnesota Company has a process costing system in operation and uses the weighted- The following information for the average method to account for cost flows. assembly department was obtained from the accounting records for September (all materials are added at the beginning of the process): Work in process inventory, Sept. 1 (25% converted) Transferred in during the month Work in process inventory, Sept. 30 (50% converted) September costs: NUMBER OF UNITS 40,000 100,000 20,000 Transferred in Materials Labor & Overhead P 80,000 251,000 P 37,600 P 5,000 122,400 Beginning WP invty Cost added - Sept. 66,500 7. The "Total cost to be accounted for" section of the Production Report for the month will show an amount equal to: a. P 562,500 b. P 231,500 c. P 439,900 d. P 520,000 8. The equivalent units for material for the month is: a. 100,000 units b. 120,000 units c. 140,000 units d. 160,000 units 9. The unit cost for labor and overhead for the month is: a. P 0.50 b. P 0.125 C. P 0.52 d. P 0.55