The Work in Process Inventory account of a manufacturing company has a $10,745 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $3,500 and direct labor cost of $2,300. Therefore, the company's predetermined overhead rate is: Multiple Choice 47% of direct labor cost 66% of direct labor cost 141% of direct labor cost 152% of direct labor cost. 215% of direct labor cost Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Direct Materials Conversion Units Beginning work in process inventory 82,000 Percent Complete 70% Percent Complete 30% Units started this period 432,000 Completed and transferred out 410,000 Ending work in process inventory 104,000 85% 35% Exercise 16-8 (Algo) Weighted average: Computing equivalent units of production LO P1 Compute the number of equivalent units of production for both direct materials and conversion for April using the weighted average method. Equivalent units of production: Weighted average method Direct Materials Total Units Percent Complete Conversion EUP Percent Complete EUP A production department's output for the most recent month consisted of 11,000 units completed and transferred to the next stage of production and 11,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 70% complete with respect to both direct materials and conversion costs. There were 1,200 units in beginning Work in Process inventory, and they were 90% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming th company uses the weighted average method. Multiple Choice 12,080 units O 11,000 units. 18,700 units 11,120 units. 18,820 units