1. The Aniquilado Company uses process costing and has several production departments. Aniquilado uses the weighted average method. In the firm's first production department, all direct are added when the units are 50% complete with respect to conversion costs. This department has the following inventory information.

   BWIP units (75% complete with respect to conversion costs): 5,000 Units completed: 150,000 EWIP units (40% complete with respect to conversion costs): 10,000

   This period, the department has calculated the following cost per equivalent unit rates for direct materials and conversion costs.

   $50 Direct material cost per equivalent unit. $75 Conversion cost per equivalent unit

   What is the cost of the department's units completed and transferred out for this period (round to cents if necessary)?

   	a.	$20,625,000
   	b.	$17,500,000
   	c.	$19,050,000
   	d.	$18,750,000

1. Beginning inventory consisted of 10,000 units (20 percent complete with respect to conversion costs) and ending inventory consisted of 20,000 units (40 percent complete with respect to conversion costs). In addition, 60,000 units were started during the period.

   What is total equivalent units with respect to conversion costs, using the weighted average method?

   	a.	58,000
   	b.	50,000
   	c.	70,000
   	d.	56,000