Question 28 1 pts The following data are available for a company's manufacturing activities Beginning goods in process inventory....... .5,000 units, 1/4 of the labor added this period Ending goods in process inventory6,000 units, 1/2 of the labor added this period the equivalent units for direct materials and for direct labor, r .. 15,000 ly using the FIFO method of process costing? 6,250; 19.250 16,250:21,750 21,000; 19,250 19,250; 18,750 21,000;22,250 Question 29 A company that applies process costing is most frequently characterized by: Low standardization and high production volume Custom orders and homogeneous products Repetitive production and heterogeneous products Repetitive production and low producticn volurme Homogeneous product and high production Volume Homogeneous product and high production volume. Question 30 1 pts The purchase of raw materials on account in a process costing system is recorded with a: Debit to Purchases and credit to Cash. Debit to Purchases and a credit to Accounts Payable, Debit to Raw Materials Inventory and a credit to Accounts Payable. Debit to Accounts Payable and a credit to Raw Materials Debit to Goods in Process Inventory and a credit to Accounts Payable