Question 16 On March 1, 2019, Baltimore Company's begining work in process inventory had 7,500 units. Thissts only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process. During March, a total of 23,200 units were started and the ending WIP inventory had 5,800 units which were 70% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units) Question 17 On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 27,000 units were started. At the end of the month all started units were-5% complete with respect to conversion. Direct Materials placed into production had a total cost of $455,000 and the total conversion cost for the month was $488,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March. (Round answer to the nearest cent.) Question 18 On March 1,2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 32.000 units were started. At the end of the month all started units were 50% complete with respect to conversion. Direct Materials placed into production had a total cost of $335,000 and the total conversion cost for the month was $373,000. Annapolis uses the weighted-average process costing method. Use this information to detemine the cost per equivalet ut of conversion for the onth of March. (Round answer to the nearest cent.) Question 19 On January 1, Easton Company had cash on hand of $110.000. All of January's $228,000 sales were on account. December sales of $230,000 were also all on account. Experience has shown that Easton typically collects 35% of receivables in the month of the sale and the balance the following month. All materials and supplies are purchased on account and Easton has a history of paying for half of these purchases in the month of purchase and half the following month. Such purchases were $162,000 for December and $154,000 for January All other expenses including wages are paid in the month incurred. These amounted to $42,000 in December and $48,000 in Januarv. Use this information to determine the projected ending balance of cash on hand for January. (Round answer to the nearest whole dollar)
