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QUESTION 3 Richards Corporation uses the weighted average method of process costing. The following information is available for October in its Fabricating Department: Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 280,000. Units completed and transferred out: 330,000. Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Conversion: $919,300. Calculate the cost per equivalent unit of conversion. A. $3.15 0 $2.90 0 $3.00 0 $2.70 QUESTION 4 A company uses the weighted average method for inventory costing. At the end of the period, 22,000 units were in the ending Work in Process inventory and are 100% complete for materials and 75% complete for conversion. The equivalent costs per unit are materials, $2.65 and conversion $5.35. Compute the cost that would be assigned to the ending Work in Process inventory for tho period. A. $146,575. B. $93.775 C. $87,725. D. $176,000 QUESTION 5 Williams Company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for conversion to be $3.75. A total of 250,000 units of product were completed and transferred out as finished goods during the month, and 36,000 of equivalent units remained unfinished at the end of the month. The amount that should be reported in Finished Goods Inventory is! A. S135,000. OB. 51.816.100. C5228,600. D. $1,587,500

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