The following information relates to questions 1 and 2:

A company operates a process costing system. No losses occur in the process. All materials are input at the commencement of the process. Conversion costs are incurred evenly through the process. The following data relate to last period:

Total number of units completed 14,000 units

Closing work in progress 3,000 units

Degree of completion

100% completed in respect of materials

30% completed in respect of conversion costs

Costs arising:

Material $51,000

Conversion $193,700

1. What was the equivalent units in respect of conversion cost?

A. 3,000

B. 900

C. 14,900

D 17,000

2. What was the value of the closing work in progress for last period (to the nearest $)?

A. $14,400

B. $20,700

C $21,690

D $22,530