Question: Beginning Goods in Process (WIP) Inventory on May 1: 950 units 100% complete for direct materials 60% complete for direct labor & factory overhead Units

Beginning Goods in Process (WIP) Inventory on May 1: 950 units 100% complete for direct materials 60% complete for direct labor & factory overhead Units completed and transferred to finished goods during May 7, 700 units Ending Goods in Process (WIP) Inventory on May 31: 600 units 100% complete for direct materials 30% complete for direct labor & factory overhead The company uses the weighted average method. Equivalent units for direct materials during the month totaled: a. 8, 820. b. 9, 010. c 8, 450 d. 7, 880 Assume the following sales data for a company: What is the percentage increase (decrease) in sales from 2015 to 2016? a 33.33% b (50%) c. 50% d 150% The cost of a manufactured product generally consists of which of the following costs? a. Direct materials cost and direct labor cost b Direct labor cost, direct materials cost, and factory overhead cost: c. Direct labor cost and factory overhead cost d Direct materials cost and factory overhead cost

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