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QUESTION 16 A company uses a process costing system. Its Weaving Department completed and transferred out 120 units during the current period. The ending inventory
QUESTION 16 A company uses a process costing system. Its Weaving Department completed and transferred out 120 units during the current period. The ending inventory in the Weaving Department consists of 40 units (20% complete with respect to direct materials and 60% complete with respect to conversion costs). Determine the equivalent units of production for the Weaving Department for direct materials and conversion costs assuming the weighted average method A. 120 materials: 160 conversion. B. 128 materials; 120 conversion. C. 128 materials: 144 conversion. D. 128 materials; 184 conversion. QUESTION 17 Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in its Polishing Department: Equivalent units of production-conversion 100,000 EUP Costs in beginning Work in Process-conversion $ 36,000 Costs incurred in February-conversion 520,000 The cost per equivalent unit of production for conversion is: A. $5.26 B. $4.84 C.$5.56 D. $5.20 QUESTION 18 A company uses the weighted average method for inventory costing. At the end of the period, 22,000 units were in the ending Work in Process inventory and are 100% complete for materials and 75% complete for conversion. The equivalent costs per unit are materials, S2.65 and conversion $5.35. Compute the cost that would be assigned to the ending Work in Process inventory for the period. A. $146,575 B. $176,000 C. $87,725 D.$93,775
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