The following information pertains to a manufacturing company which uses weighted average method: Work in process, beginning, direct materials $550,000 and conversion $450,000, Costs added in current period, direct materials $650,000 and conversion $750,000, cost per equivalent unit, direct materials $150 and conversion $300. Using weighted average method, the equivalent units of conversion is:

a.

4,000 units.

b.

5,333 units.

c.

8,000 units.

d.

4,500 units.

Hamada company uses normal costing to cost each job. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead, allocated on the basis of direct manufacturing labor costs). During 2020, Cost of goods sold $4,020,000. The journal entry is:

a.

Finished Goods Control debit $4,020,000 and Work-in-Process Control credit $4,020,000.

b.

Work-in-Process Control debit $4,020,000 and Finished Goods Control credit $4,020,000.

c.

Finished Goods Control debit $4,020,000 and Cost of Goods Sold credit $4,020,000.

d.

Cost of Goods Sold debit $4,020,000 and Finished Goods Control credit $4,020,000.