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The following information is available for Department X for the month of August:
Work in process, August 1:
Materials $8,480
Conversion costs. $15,900
Costs added during August:
Materials $29,680
Conversion costs $26,500
Equivalent units of production (weighted average):
Materials 4,240
Conversion 5,300
Problem 1: Department X's cost per equivalent unit with respect to conversion, using the weighted average method would be:
a.$8.00.
b.$3.00.
c.$9.00.
d.$5.00.
Problem 2: The two methods of treating beginning work-in-process inventory in process costing are:
a.weighted average and FIFO.
b.FIFO and LIFO.
c.weighted average and LIFO.
d.weighted average and exact costing.
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