Macadam Corp. uses the weighted average method of process costing. Its cost per equivalent unit for direct materials was $5.00 this period, and it had 26,000 equivalent units for direct materials. Beginning inventory costs were 30% of current costs. How much were current costs? Multiple Choice $100,000.00 $130,000.00 $26,000.00 $74,000.00 Nettle Co. uses process costing to account for the production of rubber balls. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 17,400 units for materials and 17,000 units for conversion costs. Beginning inventory consisted of $5,500 in materials and $13,200 in conversion costs. April costs were $65,250 for materials and $62,050 for conversion costs. Ending inventory still in process was 9,350 units (100% complete for materials, 50% for conversion). The equivalent cost per unit for materials using the FIFO method would be closest to: Multiple Choice $3.7500 $1.0747 $8.3908 $4.0661 Nettle Co. uses process costing to account for the production of rubber balls. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 12,500 units for materials and 11,800 units for conversion costs. Beginning inventory consisted of $9,000 in materials and $6,340 in conversion costs. April costs were $43,100 for materials and $47,790 for conversion costs. Ending inventory still in process was 5,310 units (100% complete for materials, 50% for conversion). The equivalent cost per unit for conversion costs using the FIFO method would be: Multiple Choice $1.30 $9.00 $4.05 $4.50 Mayt