Multiple Choice 1. There are 2,000 units in the ending work-in-process inventory which are 65 percent complete with respect to conversion costs. What are the equivalent units of production for the ending inventory with respect to conversion? a. 1,300 equivalent units b. 1,500 equivalent units c. 1,700 equivalent units d. 2,100 equivalent units Use the following information to answer questions 2 through 7: At Mixing Department, all materials are added at the beginning of the process. Labor and overhead (conversion resources) are added evenly throughout the process. The following information pertains to the Mixing Department for the month of August. Beginning work-in-process Physical Units 1,000 units Materials $ 4,600 Conversion $ 2,340 inventory (60% complete) Units started in August 6,000 units Ending work-in-process inventory 800 units (50% complete) Costs added in August 2. How many units were completed and transferred out? a. 4,100 units b. 5,300 units c. 5,900 units 40,200 49,800 d. 6,200 units 3. Using the weighted-average method, what is the conversion cost per equivalent unit? a. $8.50 b. $8.10 c. $7.90 d. $7.50 4. Using the weighted-average method, what is the cost assigned to the ending work-in-process inventory? a. $5,780 b. $6,960 c. $7,640 d. $8,280