WD w Help Th "T Na B Do M Wc WI Ch Ch studentpvamu-my.sharepoint.com/:w:/r/personal/cswann3_... Saved ord Chapter 4 - Practice Problems Search Home Insert Layout Open in Desktop App V ov Av 7. Darden Corporation uses the weighted average method in its process costing system. The first processing department, the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $16,200. An additional 84,000 units were started into production during the month. There were 17,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $836,880 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to: A) 58.286 B) $9.000 C) $8.804 D) $9.963 8. The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $2.75 for materials and $4.25 for labor and overhead, the total cost assigned to the ending work in process inventory was: A) S126,000 B) $75,600 C) $80,100 D) 595,400 9. Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 12,000 units, 100% complete with respect to materials cost and 20% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $39,400. A total of 42,000 units were transferred out of the department during the month. The costs per equivalent unit were computed 1,257 words English (U.S.) 80% + Give Feed gtv MM A ? of 7