The costing system used by a company making computer chips would be O A. process costing O B job costing O C. equivalent units costing. OD. conversion cost costing. Yummy Tumy Desserts has 2.600 quarts of ice cream in WP Inventory with l e s s ed Wat we equivalents in ording WIP Inventory for materials of the ice cream is 73% through the process? A 1000 0 OC 2.000 OD 700 At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $32,000 $20,250 $384,100 $271,125 20,200 units 126,500 units 105,700 units 41,000 units What are the total equivalent units for conversion costs? O A. 126,200 OB. 115,800 OC. 130,300 OD. 146,700 Flying High Manufacturing produces frisbees using a three-step process that includes molding, coloring and finishing Which of the following accounts is debited for conversion costs? O A Finished Goods Inventory OB. Raw Materials Inventory OC WIP Inventory - Finishing OD. Cost of Goods Sold Beginning WIP Inventory Transferred - in costs in beginning WIP Inventory Direct materials cost in beginning WIP Inventory Conversion costs in beginning WIP Inventory Units transferred in Transferred - in costs Units completed Costs added direct materials Costs added conversion costs Ending WIP Inventory (40% complete for materials and 30% complete for conversion) 10,000 units $112.200 $25.500 $22,750 53.000 units $542 300 51,000 $171, 120 $248,570 12,000 units The total cost of units transferred out to Finished Goods Inventory would be closest to (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar) O A $1,000,640 O B. $432,990 OC. $961,990 OD. $962,880