PLS HELP ASAP *** Part 2 of 4Required information[The following information applies to the questions displayedbelow.]Select the best answer for each of the following independentmultiple-choice questions.02:07:28eBookb. Department S is the fourth, and final, stage of Service Corporation'sproduction cycle. On March 1, beginning work in process contained 101,000units, which were 80 percent complete as to conversion costs. During March,670,000 units were transferred in from the third stage of the production cycle.On March 31, ending work in process contained 78,000 units, which were 35percent complete as to conversion costs. Materials are added when the unitsare 50 percent complete with respect to conversion costs. Using the weighted-average method, what are the equivalent units of production for priordepartment costs, materials, and conversion costs for the month of March,respectively?Multiple ChoicePrior Department Costs 771,000; Materials 693,000;Conversion 693,000Prior Department Costs 610,000; Materials 659,250;Conversion 699,500Prior Department Costs 771,000; Materials 693,000;Conversion 720,300Prior Department Costs 771,000; Materials 771,000;Conversion 771,000None of the options are correct

Step 1: SolutionNone of the options are corrrect.Units started in March = Units in beginning WIP +…

Answered: Part 2 of 4 Required information [The…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 19E

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A production department within a company received materials of $7,000 and conversion costs of $5,000 from the prior department. It added material of $78400 and conversion costs of $47000. The equivalent units are 5,000 for material and 4,000 for conversion. What is the unit cost for materials and conversion?
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Required information [The following information applies to the questions displayed below.] Pacific Ink had beginning work-in-process inventory of $894,960 on October 1. Of this amount, $375,100 was the cost of direct materials and $519,860 was the cost of conversion. The 64,000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs. During October, 134,000 units were transferred out and 46,000 remained in ending inventory. The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,446,500 for direct materials and $4,291,200 for conversion. a-1. Compute the cost of goods transferred out and the cost of ending inventory using the FIFO method. a-2. Is the ending inventory higher or lower under the weighted-average method compared to FIFO? Complete this question by entering your answers in the…
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