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Question 11 Which of the following is true? O When direct materials are requisitioned from the storeroom, the cost of the materials should be removed from the Work in Process Inventory account and added to the job cost sheets for the individual jobs on which the material was used. O Upon purchase of raw materials there is no attempt to associate the cost of materials with specific jobs or orders. In a job-order cost system, each entry to the Raw Material Inventory account should be accompanied by a posting to one or more job cost sheets. O Materials requisition slips indicate the receipt of materials from a supplier.Question 12 During 2020 Sheridan Manufacturing expected Job 25 to cost $75500 of overhead, $130500 of material, and $25000 in labour. Caruba applied overhead based on direct labour cost. Actual production required an overhead cost of $80800, $139700 in materials used, and $20000 in labour. All of the goods were completed. What amount was transferred to Finished Goods? $240500 $231000 O $220100 $210900Question 13 The Vaughn Company began the period with no units in process and in Finished Goods inventory. During the period they began 92000 units and completed 76000 units. If equivalent units for the period totalled 85520, then the units in process were what percent complete? (rounded) 59.50% 82.61% 88.87% O 18.71%Question 14 A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of May, there was no beginning Work in Process; 46500 units were completed and transferred out; and there were 14500 units in the ending Work in Process that were 25% complete. During May, $170800 materials costs and $100250 conversion costs were charged to the department. How much are unit production costs for materials and conversion costs for May if the weighted-average method is used, rounded to the nearest whole cent? Materials Conversion Costs O $4.44 $2.16 O $3.41 $2.00 O $5.34 $3.13 O $2.80 $2.00Question 15 The mixing department of a company's output during the period consists of 25300 units completed and transferred out, and 16000 units in ending Work in Process that were 30% complete as to materials and conversion costs. Beginning inventory was 17200 units that were 20% complete as to materials and conversion costs. Under the FIFO method, what are the equivalent units of production for materials? 33540 O 26660 21860 17060Question 16 Marigold's Manufacturing has 6600 units in beginning Work in Process, 20% complete as to conversion costs, 15300 units transferred out to Finished Goods, and 1600 units in ending Work in Process 15% complete as to conversion costs. Materials are fully added at the beginning of the process. How much are equivalent units for materials if the FIFO method is used? 23500 O 20300 15300 O 10300Question 17 Concord's Manufacturing has 6900 units in beginning Work in Process, 10% complete as to conversion costs, 14300 units transferred out to Finished Goods, and 2000 units in ending Work in Process 10% complete as to conversion costs. Materials are fully added at the beginning of the process. How much are equivalent units for conversion costs if the FIFO method is used? 15190 14990 O 13810 12990Question 18 The Wrapping Department's output during the period consists of 11200 units completed and transferred out, and 400 units in ending Work in Process that were 80% complete as to materials and conversion costs. Beginning inventory was 900 units that were 20% complete as to materials and conversion costs. Under the FIFO method, what are the equivalent units of production for materials? 11700 12240 11520 O 11340Question 19 Marigold Company has unit costs of $5 for materials and $16 for conversion costs. There are 4500 units in ending Work in Process which are 26% complete as to conversion costs, and fully complete as to materials cost. How much is the total cost assignable to the ending Work in Process inventory if the FIFO method is used? $41220 $94500 O $22500 O $18720Question 21] Sunland Companvr uses the FIFO method to calculate equivalent units. It has 2300 units in beginning Work in Process, 25% complete as to conversion costs and 55% complete as to materials costs, 2450i] units started, and 3300 units in ending Work in Process, 35% complete as to conversion costs, and 211% complete as to materials cost. How much are the equivalent units for materials under the FIFO method? C) 24545 C} 24500 C) 25310 C} 25500