Which of the following manufactured products would use a process cost system? a. Movie production b. Gasoline c. Custom homes d. Ocean liners The following production data were taken from the records of the Finishing Department for July: Inventory in process, June 1, 30% completed Transferred to finished goods during June Ending work in process during June, 25% completed Determine the total equivalent units for conversion costs, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed process at the beginning of production 5,000 units 39,500 units 4,500 units a. 39,000 units b. 39,125 units C. 39,500 units d.44,000 units Which of the following is not a way in which process and job order cost systems are similar? O a. Both must calculate equivalent units to calculate per-unit costs. Ob. Both categorize manufacturing costs into direct materials, direct labor, and factory overhead. c. Both maintain perpetual inventories. d. Both allocate factory overhead costs to products