Question: The following data are from a company using a process costing system: Beginning Goods in Process (WIP) Inventory on May 1: 950 units 100% complete

The following data are from a company using a process costing system: Beginning Goods in Process (WIP) Inventory on May 1: 950 units 100% complete for direct materials 60% complete for conversion costs Units completed and transferred to finished goods during May 7,700 units Ending Goods in Process (WIP) Inventory on May 31: 600 units 100% complete for direct materials 30% complete for conversion costs The company uses the weighted average method. Equivalent units for direct materials during the month totaled: Multiple Choice 8.800. 8300 8.830 9250 9.850

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