Question $1$:Beginning inventory $(30\%$ complete as to Material B and $60\%$ complete for conversion$)700$ units Started this cycle $2,000$ units Ending inventory $(50\%$ complete as to Material B and $80\%$ complete for conversion$)500$ units Beginning inventory costs: Material A $$14,270$ Material B $5,950$ Conversion $5,640$ Current Period costs: Material A $$40,000$Material B $70,000$ Conversion $98,100$ Material A is added at the start of production, while Material B is added uniformly throughout the process. Assuming a FIFO method of process costing, compute the average cost per EUP for conversion.A $$45\mathrm{.}50$B $$45\mathrm{.}00$C $$43\mathrm{.}03$D $$47\mathrm{.}59$Question $2$:Lawrence Company transferred $5,500$ units to Finished Goods Inventory during October. On October $1,$ the company had $300$ units on hand $(40$ percent complete as to both material and conversion costs$).$ On October $31,$ the company had $800$ units $(10$ percent complete as to material and $20$ percent complete as to conversion costs$).$ The number ofunits started and completed during October was:A $5,200.$B $5,380)$C $5,500.$D $6,300.$Question $3$: Weiss Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory $(45\%$ complete as to conversion$)10,000$ units Started this period $120,000$ units Ending Work in Process Inventory $(80\%$ complete as to conversion$)8,200$ units Beginning Work in Process Inventory Costs: Material $$24,500$ Conversion $68,905$ Current Period Costs: Material $ $75,600$ Conversion$130\mathrm{.}053$ What is the conversion cost per equivalent unit using the FIFO method?A $$1\mathrm{.}05$B $$\mathrm{.}95$C $$1\mathrm{.}61$D $$1\mathrm{.}55$Question $4$:Watson Corporation has the following information for the current month: Units started $95,000$ units Beginning Work in Process: $(30\%$ complete$)15,000$ units Normal spoilage $($discrete$)3,000$ units Abnormal spoilage $4,000$ units Ending Work in Process: $(75\%$ complete$)15,000$ units Transferred out $88,000$ units Beginning Work in Process Costs: Material $$18,000$ Conversion $$14,000$ All materials are added at the start of the production process. Watson Corporation inspects goods at $75$ percent completion as to conversion. What are equivalent units of production for conversion costs, assuming FIFO?A $97,750$B $100,000$C $101,750$D $104,500$