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Wilco Inc, uses a process costing system with two cost categories (Materials and Conversion). Wilco completed and transferred out 45,000 units during the most recent period. Wilco also computed that they had 50.000 equivalent units of materials and 47,500 equivalent units of conversion. If the material cost per equivalent unit was $2.50 and the conversion cost per equivalent unit is $3.00, what is the cost of goods completed and transferred out? Some other answer $250,000 $267.500 $247,500 $261,250 Wilco Inc. uses a process costing system with two cost categories (Materials and Conversion). Wilco completed and transferred out 45,000 units during the most recent period. Wilco also computed that they had 50,000 equivalent units of materials and 47,500 equivalent units of conversion. If the material cost per equivalent unit was $2.50 and the conversion cost per equivalent unit is $3.00, what is the ending balance of WIP? $7,500 247,500 $20,000 $12,500 Some other answer Wilco Inc. uses an activity-based costing system with 3 cost pools (machine, inspection, shipping). The total budgeted MOH cost is $1,00,000 which is split among the three activity pools. Given the following information, determine the amount of MOH that would be allocated to product A. $400,000 $1,000,000 Some other answer $600,000 $620,000