71) A pasta maker gives us their data for the year: WIP inventory, beginning 0 units Units started 7,200 units Units completed and transferred out 6,700 units WIP inventory, ending   500 units Direct...

71) A pasta maker gives us their data for the year:

Units in ending WIP inventory were 100% complete for materials and 40% complete for conversion costs.

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

A) $1.75.

B) $1.83.

C) $1.39.

D) $1.64.

72) A pasta maker gives us their data for the year:

Units in ending WIP inventory were 100% 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) $0.88

B) $1.39

C) $1.33

D) $1.75

73) A pasta maker gives us their data for the year:

Units in ending WIP inventory were 100% complete for materials and 40% complete for conversion costs.

On December 31, the total cost of the units in ending WIP would be closest to:

A) $1,153.

B) $1,052.

C) $21,047

D) $1,571.

74) A pasta maker gives us their data for the year:

Units in ending WIP inventory were 100% complete for materials and 40% complete for conversion costs.

On December 31, the total costs of units complete and transferred would be closest to:

A) $1,153.

B) $22,617.

C) $21,047.

D) $15,124.

75) Raw materials purchased were $17,800 and ending inventory of raw materials was $4,300.  If raw materials beginning inventory was 25% of materials used in the process, what was the cost of materials used in production?

A) $29,467

B) $23,733

C) $10,125

D) $18,000

76) A pizza company produces frozen pizzas in three departments:  assembly, freezing, and packaging.  In assembly, crust ingredients are added at the beginning of the process.  After the crust is made, the sauce, cheese, and toppings are added at the end of the process.  Conversion costs are added evenly.  Data for the assembly department includes:

The cost per equivalent unit for crust ingredients would be closest to:

A) $1.14.

B) $1.21.

C) $1.41.

D) $1.30.

77) A pizza company produces frozen pizzas in three departments:  assembly, freezing, and packaging.  In assembly, crust ingredients are added at the beginning of the process.  After the crust is made, the sauce, cheese, and toppings are added at the end of the process.  Conversion costs are added evenly.  Data for the assembly department includes:

The cost per equivalent unit for cheese, sauce, and toppings would be closest to:

A) $1.21.

B) $1.41.

C) $1.30.

D) $1.14.

78) A pizza company produces frozen pizzas in three departments:  assembly, freezing, and packaging.  In assembly, crust ingredients are added at the beginning of the process.  After the crust is made, the sauce, cheese, and toppings are added at the end of the process.  Conversion costs are added evenly.  Data for the assembly department includes:

The cost per equivalent unit for conversion costs would be closest to:

A) $1.41.

B) $0.95.

C) $1.21.

D) $1.14.

79) The mixing department has 40,000 equivalent units of direct materials and 24,000 units of conversion costs.  The direct materials cost $40,000, and the conversion costs are $12,000.  Assuming no beginning inventory, the total cost per equivalent unit is:

A) $1.50.

B) $1.30.

C) $1.00.

D) $0.50.

80) The mixing department has 20,000 units and $52,000 in costs for which to account. Of the 20,000 units, 15,000 were completed and transferred to the next department. The 5,000 remaining were 20% complete for conversion costs.  Direct materials are added at the beginning of the process, and the conversion costs are added evenly throughout the process.  The cost per equivalent unit is $2.00 for direct materials and $0.75 for conversion costs.  The total costs to account for is:A.  $52,000.

A)

B) $92,000.

C) $10,750.

D) $13,750.