Which of the following is included in the costs transferred out of the second process of a three-step production process?

A. Costs incurred in the current process

B. Costs incurred in the previous process

C. Costs of the previous process combined with costs of the current process

D. Costs of the current process combined with costs of the next process

The Molding Department started the month with a beginning Work in Process inventory of $15,000. During the month, it was assigned the following costs: direct materials, $120,000; direct labor, $40,000; overhead allocated at the rate of 20% of direct labor cost. Inventory with a cost of $160,000 was transferred to finished goods. What was the ending balance of Work in Process inventory for the department?

A. $8,000

B. $23,000

C. $168,000

D. $183,000

There are 10,000 units in Work in Process inventory for the Mixing Department at the end of the month. The units were 60% complete for conversion costs. What are the equivalent units for conversion costs using the weighted-average method?

A. 600

B. 4,000

C. 6,000

D. 10,000

Using the same information as in Question 2, assume that the beginning Work in Process inventory for the Mixing Department had $12,000 in conversion costs; and that $30,000 in conversion costs were added during the month. What is the cost per equivalent unit for conversion costs?

A. $3.50

B. $4.20

C. $5.00

D. $7.00