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50% ..I AT&T LTE 7:29 PM Done BUSN Managerial Accounting Tes... The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 8,000 liters in beginning work in process inventory (60% complete). During the period 70,000 liters were completed. The ending work in process was 3,000 liters (60% completed). What are the total equivalent units for direct materials under the FIFO method if materials were added at the beginning of the process? ANSWER: Whole Units Equivalent Units Inventory in process Started and completed during the period Transferred out of Bottling completed) Inventory in process, end of period Total units to be assigned bosts 50% ..I AT&T LTE 7:29 PM Done BUSN Managerial Accounting Tes... Part IV 9 points each 36 points Put the following in the order of the flow of manufacturing costs for a company. Closing under/over applied factory overhead to Cost of Goods Sold Materials purchased Factory labor used and factory overhead incurred in production Completed jobs moved to finished goods . Factory overhead applied to jobs according to the predetermined overhead rate Materials requisitioned to jobs Selling of finished product Preparation of financial statements to determine gross profit - In the manufacture of 8,000 units of a product, direct materials cost incurred was $154,600, direct labor cost incurred was $84,000, and applied factory overhead was $45,500. What is the total conversion cost? The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,000 liters in beginning work in process inventory (30% complete). During the period 71,000 liters were completed. The ending work in process was 5,000 liters (70% completed). What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process? ANSWER: Whole Equivalle Units nt Units Inventory in process, beginning of period Started and completed during Transferred out of Bottling completed) Inventory in process, end of period Total units to be assigned costs

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