Question: QUESTION 1 Physical Units Beginning WIP New units started Ending WIP 200 430 Beginning WIP was 100% complete for direct materials, and 10% complete for

QUESTION 1 Physical Units Beginning WIP New units started Ending WIP

200 430 "Beginning WIP was 100% complete for direct materials, and 10%

complete for conversion costs **Ending WIP was 100% complete for direct materials,

and 20% complete for conversion costs. Using the FIFO method, what is

QUESTION 1 Physical Units Beginning WIP New units started Ending WIP 200 430 "Beginning WIP was 100% complete for direct materials, and 10% complete for conversion costs **Ending WIP was 100% complete for direct materials, and 20% complete for conversion costs. Using the FIFO method, what is the equivalent units of work done during this period for conversion costs? QUESTION 5 Physical Units Beginning WIP New units started Ending WIP 210 460 "Beginning WIP was 100% complete for direct materials, and 50% complete for conversion costs **Ending WIP was 100% complete for direct materials, and 50% complete for conversion costs. Using the weighted average method, what is the equivalent units of work done to date for conversion costs? QUESTION 8 Flow of Production Equivalent Units (This Period Only) Physical Units Direct Conversion Costs Materials 2000 7000 WIP: Beginning Started during current period To account for 9000 Completed & transferred out during current period From Beginning WIP (0% DM, 60% CC 2000 this period) 1200 4000 4000 4000 Started and Completed (100% DM, 100% CC) WIP: Ending (100% DM, 30% CC) Units accounted for Equivalent units of work done THIS PERIOD 3000 900 3000 9000 7000 6100 Direct Materials Conversion Costs 18,000 WIP: Beginning Costs added in current period 11,000 84,000 82,000 Note: The company completes items in beginning inventory first Using the above information and the FIFO method, calculate the balance for the WIP inventory account (in dollars) at the end of the period. (Round to nearest dollar after calculations are complete. Do not round early.) QUESTION 10 Equivalent Units Flow of Production Physical Units Direct Materials Conversion Costs WIP: Beginning 2000 Started during current period 7000 To account for 9000 Completed & transferred out during current period 6000 6000 6000 WIP: Ending (100% DM, 30% CC) 3000 3000 900 Units accounted for 9000 Equivalent units of work done to date 9000 6900 WIP: Beginning Costs added in current period Direct Materials Conversion Costs 16,000 12,000 81,000 85,000 Using the above information and the weighted average method, calculate the amount of inventory (in dollars) that was transferred to finished goods inventory during the period. (Round to nearest dollar after calculations are complete. Do not round early.)

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