[9] Ancelotti Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 18,000 units in its beginning work in process inventory. These units were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was 16,200. An additional 84,000 units were started into production during the month. 17,000 units were in the ending work in process inventory of the Welding Department. These units were 70% complete with respect to conversion costs. A total of 836,880 in conversion costs were incurred in the department during the month. What is the cost per equivalent unit for conversion costs for the month? a) 8.29 b) 9.00 c) 8.80 d) 9.96 3 Marks [10] A company has two processing departments: A and B. Which of the following sets of journal entries would be used to record the transfer between processing departments and from the final processing department to finished goods? a) Work in Process-Department B XXX [11] Work in Process-Department A XXX Finished Goods XXX Work in Process Department B XXX b) Finished Goods XXX Work in Process XXX c) Work in Process-Department B XXX Work in Process-Department A XXX Cost of Goods Sold XXX Work in Process-Department B XXX d) Finished Goods XXX Work in Process-Department A XXX Finished Goods XXX Work in Process-Department B XXX 1 Mark If a company decreases the variable expense per unit while increasing the total fixed expenses, the total expense line will graphically: a) Shift downward and have a steeper slope b) Shift downward and have a flatter slope c) Shift upward and have a flatter slope d) Shift upward and have a steeper slope 1 Mark