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Penny, inc. employs a process costing system. Direct materials are added at the beginning of information about July's activities: Besinning inventories Direct materials cost onversion costs 850 units, 60% complet $5,000 $4,000 Number of units started Direct materials added Conversion costs added 15,000 $83,520 On July 31 Ending inventories 28. Using the FIFO method and rounding cost per unit to four decimal places, the cot of goods completed and transferred out during July was a. $227,270 b. $225,060 c $236,90S d. $228,200 29. Delaney Company is considering replacing equipment which originally cost $600,000 and which has $420,000 accumulated depreciation to date. A new machine will cost $790,000. What is the sunk cost in this situation? a. $370,000 b. $790,000 c. $180,000 d. $190,000 The following unit data were assembled for the assembly process of the Super Co. for the month of April Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process The company uses the FIFO method. Units Beginning work in process, (60% completed) Units started in April Ending work in process, (30% completed) 5,000 48,000 ,000 conversion costs is 30. The number of equivalent units produced with respect to a. 50,200 b. 48,000 .53,000 d. 46,200

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