Set 1 Please answer the following questions.

A.

n a process costing system, when manufacturing overhead costs are applied to the cost of production, they are debited to:

the Finished Goods Inventory account.

the Cost of Goods Sold account.

the Work in Process Inventory account.

the Manufacturing Overhead account.

the Raw Materials Inventory account.

B. Andrews Corporation uses a process costing system for manufacturing. The following information is available for the February in its Polishing Department:

Equivalent units of productiondirect materials	110,000 EUP
Equivalent units of productionconversion	95,000 EUP
Costs in beginning Work in Processdirect materials	$49,000
Costs in beginning Work in Processconversion	$36,000
Costs incurred in Februarydirect materials	$414,000
Costs incurred in Februaryconversion	520,000

The cost per equivalent unit of production for conversion is:

$9.26

$4.21

$5.85

$5.05

$4.97