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The second picture are the rest of the multiple choice answers to question #10 accounting for production activity and preparation of a process cost summary

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image text in transcribedThe second picture are the rest of the multiple choice answers to question #10
accounting for production activity and preparation of a process cost summary using FIFO 9. Award: 10.00 points During March, the production department of a process operations system completed and transferred to finished goods 25,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to conversion Compute the number of equivalent units with respect to both materials and conversion respectively for March using the welighted-average method. O 165,000 materials; 165,000 conversion. 135000 materials; 119,000 conversion O 140,000 materials; 130,250 conversion. 0 165,000 materials; 144,000 conversion. 144,000 materials; 144,000 conversion. References Learning Objective: 16-C2 Define and compute equivalent units and explain their use in process costing Multiple Choice Difficulty: 3 Hard 10. Award: 10.00 points A company uses the weighted average method for inventory costing. At the start of a period the production department had 20,000 units in beginning work in Process inventory which were 40% complete the department completed and transferred 165,000 units. At the end of the period, 22,000 units were in the ending work an Process memory and are 75% complete. The production department had conversion costs in the beginning goods is process inventory of $99,000 and total conversion costs added during the period are $726,825. Compute the conversion cost per equivalent unit O $4.40 O $4.76. O $4.19 O $4.55. O $4.61. References Learning Objective: 16-C2 Define and compute equivalent unlts and explain their use in process costing Multiple Choice Learning Objective: 16-C3 Describe accounting for production activity and preparation of a process cost summary using weighted average Difficulty: 3 Hard 11. Awardt: 2.00 points lE three products (M, N, and O) In the following mix: 3.1:2

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