v manufactures a single product by a continuous process, involving three production departm Departm ents. The records indicate that direct materials, direct labor, and applied factory overhead for ent I were $100,000, $125,000, and $150,000, respectively. The records further indicate that di materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70, respectively. Department 2 has transferred-in costs of $390,000 for the current period. In addition, work process at the beginning of the period for Department 2 totaled $75,000, and work in process at the end period totaled $90,000. The journal entry to record the flow of costs into Department 3 during the peri 375,000 a. Work in Process-Department 3 Work in Process--Department2 b. Work in Process--Department3 Work in Process-Department 2 Work in Process-Department 3 Work in Process--Department 2 Work in Process-Department 3 Work in Process--Department 2 570,000 490,000 555,000 375,000 570,000 490,000 555,000 79,800 25,200 24. Assuming that all direct materials are placed in process at the beginning of production and that the firs of inventory costing is used, what is the equivalent units for materials and converso respectively a. 14,000 and 12,160 b. 10,400 and 10,960 c. 14,000 and 13,600 d. 10,400 and 10,240 Penny, Inc. e Here is information about July's activities On July 1: Beginning inventories Direct materials cost Conversion costs ploys a process costing system. Direct materials are added at the beginning of the pro 850 units, 60% complete $5,000 4,000 During July: 15,000 Number of units started Direct materials added Conversion costs added $83,520 On July 31: Ending inventories 1,600 units, 40% complete