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The following information applics fo quesfiens 7 throueh Iez Justin Bakery produces its products in three sequentihl precesses, Mfing, Baking, and Packaging. During November, the

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The following information applics fo quesfiens 7 throueh Iez Justin Bakery produces its products in three sequentihl precesses, Mfing, Baking, and Packaging. During November, the following data was collected for the Nixing department: 7. Assuming that the weighted average method is used, what is the mater iais cost per unit (round your answer, if necessary, to the nearest cent)? a. 53.60 b. 53.48 c. 53.85 d. 5325 8. Assuming that the weighted averege method is used, what is the conversion cost per unit (round your answer, if necessary, to the nearest cent)? 2. 51.44 b. 51,67 c. 51,33 d. $1.39 9. Ignore your answers to #7 and =8. Assum that the materials cost per unit is $4.09 and the coever sion cost per unit is $1.50, using the weighted average method. Which of the following is the correct journal catry to transfer the cost of completed units from the Mixing department to the Buking department uking the weiphied average method? a. dcbit WIP-Baking $990,000; credit WIP-Mixing $990,000 b. debit WIP-Packaging $1,020,000; credit WIP-Mfining $1,020,000 c. debit WIP-Baking 51,045,000, credit WIP-Mixing 51,045,000 d. debit WIP-Mixing $1,210,000, credit W1P-Packaging $1,210,000 10. Assume again that the materials cost per unit is 54.00 and the coeversion cost per unit is 51.50 . using the wrighted average method. What are the materials costs and the conversion cost respectively, in criding WIP using these weighted aver age per unit costs? a. $120,000 and $22,500 b. $96,000 and $11,250 c. 5120,000 and $45,000 d. 596,000 and $33,750

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