Page 3, chp21, ACC272 Problem 1 Conversion Costs are the sum of Problem 2 In a work in process cost system, the flow of costs is Problem 3 The Cooking Department of T Corp has the following production data for November: Beginning work in process 3,000 units that are 100% complete as to materials and 30% complete as to conversion costs; units transferred out 10,000 units; and ending work in process 6,000 units that are 100% complete as to materials and 60% complete as to conversion costs. a) Compute the equivalent units of production for 1) materials and 2) conversion cost for the month of November Problem 4 JC Industries purchased $70,000 of raw materials on account. Supporting records show that the Assembly Dept.used $43k of the raw materials and the finishing Dept. used the remainder a) Prepare the journal entries relating to raw materials