61) The Adams Company uses a process system. During the current period, 1,600 units were started and 1,200 units were completed and transferred out. Ending units were 70% complete for materials and...

61) The Adams Company uses a process system. During the current period, 1,600 units were started and 1,200 units were completed and transferred out. Ending units were 70% complete for materials and 35% complete for conversion costs. Direct materials costs added were $32,500 and conversion costs added were $31,400. There was no beginning WIP inventory and conversion costs are added evenly throughout the process. At the end of the period, the cost per equivalent unit for direct materials would be closest to:

A) $26.17.

B) $27.08.

C) $23.43.

D) $21.96.

62) The Adams Company uses a process system. During the current period, 1,600 units were started and 1,200 units were completed and transferred out. Ending units were 70% complete for materials and 35% complete for conversion costs. Direct materials costs added were $32,500 and conversion costs added were $31,400. There was no beginning WIP inventory and conversion costs are added evenly throughout the process. At the end of the period, what are the total equivalent units for conversion costs?

A) 1,340

B) 1,200

C) 1,480

D) 1,400

63) There are 36,000 units started. 27,000 were completed and transferred out and the 9,000 remaining units were 40% complete for conversion costs. The total number of equivalent units for conversion costs is:

A) 27,000.

B) 14,400.

C) 30,600.

D) 3,600.

64) The following information is provided by Sussman Company:

The units were 90% complete for materials and 40% complete for conversion costs.

How much are the total costs for which Sussman has to account (i.e., its total costs to account for)?

A) $24,700

B) $23,500

C) $37,200

D) $48,200

65) A disinfectant manufacturer offers the following information:

The units in ending WIP inventory were 60% complete for materials and 40% complete for conversion costs.

What is the total cost of units in ending WIP?

A) $156,606

B) $213,317

C) $291,620

D) $486,033

66) A disinfectant manufacturer offers the following information:

The units in ending WIP inventory were 60% complete for materials and 40% complete for conversion costs.

On December 31, what is the total cost of units completed and transferred?

A) $773,163

B) $1,022,627

C) $1,006,783

D) $1,067,342

67) A disinfectant manufacturer offers the following information:

The units in ending WIP inventory were 60% complete for materials and 40% complete for conversion costs.

On December 31, the cost per equivalent unit for conversion costs would be closest to:

A) $39.82.

B) $36.28.

C) $48.84.

D) $55.93.

68) A disinfectant manufacturer offers the following information:

The units in ending WIP inventory were 60% complete for materials and 40% complete for conversion costs.

On December 31, the cost per equivalent unit for materials would be closest to:

A) $13.50.

B) $14.60.

C) $9.82.

D) $20.06.

69) A disinfectant manufacturer offers the following information:

The units in ending WIP inventory were 60% complete for materials and 40% complete for conversion costs.

On December 31, what are the total equivalent units for conversion costs?

A) 24,300

B) 18,700

C) 17,300

D) 14,500

70) A disinfectant manufacturer offers the following information:

The units in ending WIP inventory were 60% complete for materials and 40% complete for conversion costs.

On December 31, what are the total equivalent units for direct materials?

A) 25,700

B) 18,700

C) 17,300

D) 21,500