Assume there was no beginning work in process Inventory and the ending work in process inventory is 70% complete with respect to conversion costs. Under the weighted average method, the number of equivalent units of production with respect to conversion costs would be: Select one O a. less than the units started during the period. o bless than the units completed. d. the same as the units completed. d. the same as the units started during the period. when computing the cost per equivalent unit, the weighted-average method of process costing considers: Select one a. costs incurred during the current period plus cost of ending work in process inventory. Cyb. costs incurred during the current period plus cost of beginning work in process inventory. be costs incurred during the current period less cost of beginning work in process inventory. d. costs incurred during the current period only. A process costing system is employed in those situations where: Select one: O a. full or absorption cost approach is not employed. O b. many different products, jobs, or batches of production are being produced each period. O c. where manufacturing Involves a single, homogeneous product that flows evenly through the production process on a continuous basis. o d. a service is performed such as in a law firm or an accounting firm Which of the following types of companies would typically use process costing rather than job-order costing? Select one: O a. A specialty equipment manufacturer. ob. A small appliance repair shop. O c. A manufacturer of commercial passenger aircraft. O d. A breakfast cereal manufacturer. The Werner Corporation uses the weighted average method in its process costing system. The company recorded 24,400 equivalent units for conversion costs for November in a particular department. There were 4,000 units in the ending work in process Inventory on November 30 which were 60% complete with respect to conversion costs. The November 1 work in process inventory consisted of 5,000 units which were 40% complete with respect to conversion costs. A total of 22,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was: Select one: O a. 17,000 units O b. 22,000 units O c. 21,000 units O d. 26,000 units The Assembly Department started the month with 25,700 units in its beginning work in process inventory. An additional 310,700 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 30,700 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month? Select one: a. 315,700 O b. 367,100 O C. 336,400 O d. 305,700 The Werner Corporation uses the weighted average method in its process costing system. The company recorded 24,400 equivalent units for conversion costs for November in a particular department. There were 4,000 units in the ending work in process Inventory on November 30 which were 60% complete with respect to conversion costs. The November 1 work in process Inventory consisted of 5,000 units which were 40% complete with respect to conversion costs. A total of 22,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was: Select one: O a. 17,000 units b. 22,000 units c. 21,000 units e d. 26,000 units The Assembly Department started the month with 25,700 units in its beginning work in process inventory. An additional 310,700 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 30,700 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month? Select one: Dia 315.700 b. 367 100 336.400 du 305,700