The following information is known about a company's process costing system. 19. INFORMATION ABOUT COMPANY'S PROCESS COSTING SYSTEM Direct Total Materials Conversion Costs Costs Costs Beginning WIP Inventory Current Period Costs 50,000 S 20,000 S 30,000 400,000 150,000 250,000 Total Costs S 450,000 S 170,000 S 280,000 Equivalent Units Produced 20,000 25.000 Cost Per Equivalent Unit 17.50 S 7.50 S 10.00 Which costing method is used by the company? (a) Either FIFO or weighted average because both give the same answer. (b) Weighted average. (c) FIFO (d) Unit costs do not depend on the method used. 20. A manufacturing process has beginning and ending work in process inventones of 55% and 25% complete, respectively. Materials are added at the beginning of the process. If the FIFO costing method is used, the total equivalent units for materials will equal the number of units: (a) Started into the process plus the units in beginning inventory (b) Transferred out during the period. (c) Started into the process during the period. (d) Started into the process plus the units in the ending inventory