South River Chemical manufactures a product called Zbek. Direct materials are added at the beginning of the process, and conversion activity occurs evenly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work- in-process inventory is 20% complete. The following data pertains to May:

Units

Work in process, May 1 15,000

Units started during May 60,000

Units completed and transferred out 68,000

Work in process, May 31 7,000

Direct Conversion

Total Materials Costs

Costs:

Work in process, May 1 $ 41,250 $16,500 $ 24,750

Costs incurred during May 234,630 72,000 162,630

Totals $275,880 $88,500 $187,380

Using the weighted-average method of process costing, the equivalent units of direct materials total:

a. 68,000

b. 69,400

c. 74,000

d. 75,000

e. 75,400

Using the weighted-average method of process costing, the equivalent units of conversion activity total:

a. 60,400

b. 68,000

c. 69,400

d. 74,000

e. 75,000

Using the weighted-average method of process costing, the cost per equivalent unit of direct material is:

a. $1.17

b. $1.18

c. $1.20

d. $1.28

e. $1.30

Using the weighted-average method of process costing, the cost per equivalent unit of conversion activity is:

a. $2.50

b. $2.53

c. $2.70

d. $2.76

e. $3.10

Using the weighted-average method of process costing the cost of goods completed and transferred during May is:

a. $249,560

b. $250,240

c. $258,400

d. $263,840

e. $275,880

Using the weighted-average method of process costing, the total costs remaining in work in process on May 31 are:

a. $0

b. $12,040

c. $17,480

d. $25,640

e. $26,320