Use the following information for the next 2 questions: Jacobson Mamufacturing Company makes a single product in a single process and uses weighted average process casting. All material is added at the start of the process. The following information is available for March production: The following costs are available for March: 7. What is the sum of the dollar amount of the ending work in process inventory and the cost of goods transferred to finished goods? a. $77,880 b. $48,450 c. $117,798 d. $126,330 8. What are the equivalent units for conversion costs? a. 132,000 b. 123,900 c. 127,500 d. 121,500 Calculate the amount of direct labor cost incurred during the year. a. $20000 b. $18000 c. $10000 d. None of the given answers 10. Early inspections can a. prevent any further conversion costs being wasted on units that are already good b. increase conversion costs on units that are already spoiled c. increase any further costs being spent on units that are already spoiled d. prevent any further costs being wasted on units that are already spoiled 11. Which two terms below describe the wages paid to security guards that monitor a factory 24 hours a day? a. variable cost and direct cost b. fixed cost and direct cost c. variable cost and indirect cost d. fixed cost and indirect cost 12. Costs of normal spoilage are usually accounted for as a. a deduction from the cost of goods sold b. a component of the costs of good units manufactured c. a "loss from normal spoilage account" in income statement d. a liability on a balance sheet 13. The loss from abnormal spoilage account would appear a. on a balance sheet b. as a detailed item in the retained earnings schedule of a balance sheet c. a separate line item on an income statement