Question: Answer the following questions using the information below. #7-12 Century Inc, manufactures TV's on a highly automated assembly line. Its costing system uses two cost

Answer the following questions using the information below. #7-12 Century Inc, manufactures TV's on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct Materials are added at the beginning of the production process. Conversion Costs are allocated evenly throughout the production process. Century Inc. uses weighted average costing Data for the Assembly Department for October 2018 are: - Work in process, beginning inventory: 375 units 925 units 150 units -Units started during October: Work in Process, ending inventory: Direct materials (100% complete) Conversion costs (25% complete) Costs for October 2018: - Work in process, beginning inventory: Direct Materials Conversion Costs -Direct materials costs added during October Costs added during October S425,000 $180,000 $940,000 S725,000 7. What are the equivalent units for direct materials and conversion costs, respectively, for October? 8. What is the total amount debited to the Work in Process account during the month of October? 9. What is the direct materials cost per equivalent unit during October? 10. What is the conversion cost per equivalent unit in October? 11. What amount of direct material costs is assigned to the ending Work in Process account for October? 12. What amount of conversion costs are assigned to ending Work in Process account for October
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