1. Cost per equivalent unit is $2.90 for materials and $3.45 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed if 12,500 units are completed and 1,250 are in ending inventory?

2. Backflush costing is a costing method that:

a. Charges current production cost directly to work-in-process inventory.

b. Charges current production costs directly to finished goods inventory.

c. Charges past production costs directly to finished goods inventory.

d. Charges current production costs using actual costs incurred.

3. Which one of the following is one of the key steps in determining process costs?

a. Assigning the total manufacturing costs to the units completed and transferred out and the units of work in process at the end of the period.

b. Calculating equivalent units of production for all manufacturing cost elements.

c. Analyzing the physical flow of production units.

d. Computing the cost per equivalent unit for each manufacturing cost element.

e. All of these answer choices are correct.

4. Fill in the missing amount.

Tons Work-in-process inventory, September 1	10,300
Work-in-process inventory, September 30	3,450
Units started during September
Units completed during September	11,000

5. Process cost systems are used in all of the following industries except:

a. Chemicals.

b. Steel.

c. Home building.

d. Textiles.

e. Oil refining.