1. Matching A Equivalent unit E. Prior department costs B. First-in, first-out FIFO process costing F. Production cost report c. Operation G. Weighted average process costing D. Operations costing 1. An inventory costing method that combines costs and equivalent units of a period with the costs and the equivalent units in beginning inventory from the last period. 2. Summarizes production and cost results for a period. 3. The manufacturing costs of units transferred out of one department and into a subsequent department in the manufacturing process. A hybrid of job and process costing that is used in manufacturing goods that have some common characteristics and some individual characteristics. 5. A standardized method of making a product that is repeatedly performed. 6. An inventory costing method whereby the first goods received are the first ones charged out when sold or transferred. 7. The number of complete physical units to which units in inventories are equal in terms of work done to date. 2. There are 2,000 units in the ending work-in-process inventory which are 65 percent complete with respect to conversion costs. What are the equivalent units of production for the ending inventory with respect to conversion? a. 1,300 equivalent units b. 1,500 equivalent units c. 1,700 equivalent units d. 2,100 equivalent units