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256 Chapter 7 23. The equivalent units for labor and overhead for March, using the FIFO method, are: a. 63,100 units b. 65,000 units c. 62,500 units d. 65,100 units 24. The equivalent units for materials for March, using the FIFO method, are: 64,800 units b. 59,800 units c. 66,000 units d. 67,200 units Use the following to answer questions 25-28. Shell Company uses a process costing system. All direct materials are added at the beginning of the process. Shell's production quantity schedule for November is reproduced below. Units Work-in process on November 1 (conversation 60% complete)..... 1,000 Units started during November....... 5,000 Total units to account to account for.... 6,000 Units completed and transferred out from beginning inventory.......1,000 Units started and completed during November...........................3,000 Work-in-process on November 30 (conversion 20% complete)........2,000 Total units accounted for.......... . . . . .......6,000 25. Using the FIFO, the equivalent units for direct materials for November are: a. 5,000 units b. 6,000 units c. 4,400 units d. 3,800 units 26. Using the FIFO method, the equivalent units for conversion costs for November are: a. 3,400 units b. 3,800 units c. 4,000 units d. 4,400 unitsSystems Design: Process Costing System; Cost Allocation 257 27. Using the weighted-average method, the equivalent units for direct materials for November are; a. 3,400 units b. 4,400 units c. 5,000 units d. 6,000 units 28. Using the weighted-average method, the equivalent units for conversation cost for November are: a. 3,400 units b. 3,800 units c. 4,000 units d. 4,400 units Use the following to answer questions 29-30. Sy Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory. 900 Materials costs........... P9,800 Conversion costs... .P9,200 Percentage complete with respect to materials..... .55% Percentage complete with respect to conversion. .30% Units started into production during the month........ ...8,400 Materials costs added during the month......... P130,400 Conversation costs added during the month......... ..P220,600 Ending work in process inventory; Units in ending work in process inventory.............. 2,200 Percentage complete with respect to materials . 65% Percentage complete with respect to conversion 25% Note: Your answers may differ from those offered below due to rounding error. In all case, select the answer that closet to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.258 Chapter 7 29. How many units were started and completed during the month in the first processing department? a. 8,400. c. 6,200 b. 7,100 d. 9,300 30. The cost per equivalent unit for conversation costs for the first department for the month is closet to: a. P29.89 c. P31.07 b. P34.07 d. P31.38