#1: Train Company had no beginning inventory and adds all materials at the very
ID: 2483690 • Letter: #
Question
#1: Train Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 10,000 units were started, and 5,000 units completed. Ending work in process is 60% complete. The cost per equivalent unit of conversion is __________.
Question 1 options:
A) $1.00 if total conversion cost is $3,000
B) $1.00 if total conversion cost is $5,000
C) $1.00 if total conversion cost is $8,000
D) $1.00 if total conversion cost is $10,000
E) none of these
#2: Train Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 10,000 units were started, and 5,000 units completed. Ending work in process is 60% complete. The cost per equivalent unit of material is __________.
Question 2 options:
A) $1.00 if total material cost is $3,000
B) $1.00 if total material cost is $5,000
C) $1.00 if total material cost is $8,000
D) $1.00 if total material cost is $10,000
E) none of these
Explanation / Answer
units material direct labor % age completion units % age completion units opening WIP 0 100% 0 100% 0 units started and completed 5000 100% 5000 100% 5000 closing WIP 5000 100% 5000 60% 3000 Total 10000 10000 8000 cost 10000 8000 cost per unit 1 1 1 option c 2 option d
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