Question: Adams Company uses the weighted average method in its process-costing system. Operating department for the last month appear below pertaining to the physi conversion costs

 Adams Company uses the weighted average method in its process-costing system.

Adams Company uses the weighted average method in its process-costing system. Operating department for the last month appear below pertaining to the physi conversion costs (CC) h appear below pertaining to the physical flow of units, direct materials (DM), and og in its process-costing system. Operating data for the first processing % of completion DM 8 0% of completion: CC 50% Beginning WIP inventory Started into production during the month Ending WIP inventory Units 1.100 9.800 2.100 90% 3 How many units were transferred out of the first department during the month? 13,000 9,800 10,900 8,800 E. None of the above 4 Suppose the total cost assigned to the ending WIP inventory is $20,412 and the costs per equivalent unit for the cun period are $5.00 for materials and $8.70 for conversion, what is the percentage of completion with respect to conversion cost in the ending WIP inventory? 50% 55% 60% 80% E. None of the above A

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