Question: ABC Company uses a Weighted average process cost system. They had 15000 Physical units In thelr beginning inventory whkh were 75% done with respect to

ABC Company uses a Weighted average process cost system. They had 15000 Physical units In thelr beginning inventory whkh were 75% done with respect to time. During the month an additional 105,000 unit were started. A total of 100,000 units were completed and transferred out of the department. The number started and completed must have been: A 20,000. 8.8,000 C.85,000. D. 100,000. E. 120,000 Using ABC data above in #13, the Number of physical units in the ending inventory must have been: A. 20,000. B.8,000. C.5,000 D. 15,000 E. 12,000 Correct computations show the total Wtd. Avg. Equivalent units for conversion during the month was 108,000. Using ABC data above in #14, the % of completion on conversion in the ending inventory must have been: A. 40%. B. 65%. 30%. D. 60% E. It is impossible to tell from the data given. xYZ Company used the FIFO method for its process costing system. The following information was available for one of its departments. The Beginning work in process inventory consisted of 16,000 physical units where were 75% complete with respect to conversion cost. The department did 59,000 equivalent units of work during the period. A total of 50,000 units where completed and transferred out of the department during the current month. Then ending inventory consisted of 12,000 units which were so% complete for conversion. The units started during the month must have been: A. 29,000 units B. 42,000 units c. 46,000 units D. 54,000 units E. None of these, it was units. Using data in #16 above, the number of units started and completed must have been: A. 29,000 units B. 34,000 C. 46,000 D. 54,000 units E. None of these it was unit

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