The following information is available: Beginning inventory of 50 units with a cost of $350...
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The following information is available: Beginning inventory of 50 units with a cost of $350 is 30% complete Direct materials added this period is 400 units at a total cost of $1,200 Direct labor incurred this period is $1,300 Factory overhead applied this period is $300 Units completed 350 Ending inventory is 65% complete Materials are added at the beginning of the process Using the information above, answer the following questions. Show work for credit. . . 1. How many units were started and completed"? a 335 3sounits. 350 units complet b. 350 c. 300 + sovints beg. YouSAile to d. 400 Su*300% t so 2. What is the direct material cost per equivalent unit? a. $1 b. $3 bey C. $4 must d. $2 end 3. What is the conversion cost per equivalent unit? a. $5 b. $3 C. $4 d. $2 So Besiel? 1 300 los 12 14 4. What is the cost of goods manufactured? a. $2,590 b. $2,280 C. $3,000 d. $2,659 bey oso 1200
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