2 Itranscript Nabais Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department for the month of October appear below: 01:14:31 Percent Complete with Respect to Units Conversion Beginning work in process inventory 3,300 80% Transferred in from the prior department during October 30,700 Completed and transferred to the next department during October Ending work in process inventory 32,200 1,800 60% What were the equivalent units for conversion costs in the Lubricating Department for October? Multiple Choice 31,780 29,200 32,200 O 33,280 4 01:14:23 Itranscript 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: Multiple Choice $95,400 $80,100 $126,000 $75,600 6 01:14:18 transcript Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year Results of operations: Actual direct labor-hours Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred $ 481,250 35,000 direct 40,000 direct labor-hou $ 179,000 $ 465,000 Manufacturing overhead is overapplied or underapplied by: (Do not round your intermediate calculations.) Multiple Choice $165,000 Overapplied $94,000 Underapplied $94,000 Overapplied $165,000 Underapplied