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Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead...

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Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c) Direct labor & overhead d) Direct material & indirect material e) Direct labor & period costs Use the following to answer questions. 2.3.4 The information below was obtained from the records of the first processine derment of Christine Corporation for the month of July. The company uses the weighted-average method in its process costing system Labor and Overhead Ulnits Percent Completed Work in process inventory, July 1 25% Started during the month 20.000 Completed during the month 20.000 Work in process inventory, July 31 All materials are added at the beginning of the manufacturing process Total units in work in process inventory, July 31 is 5.000 b 7.000 10.000 d 20,000 2.000 The equivalent units of production for material for the month are 70.000 b. 90.000 c. 80.000 d. 82.500 c 84.000 The equivalent units of production for labor and overhead for the month are 70,000 90,000 c. d 80.000 2.500 84.000

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