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Use the following information to answer the next $3$ questions:

Henry Incorporated manufactures a high volume of identical flashlights called the

Illumin$-8.$ The company reported the following for the month of August:

Physical Units

Beginning work in process, August $118,000$

Started during the August $90,000$

Ending work in process, August $3124,000$

Materials are added at the beginning of the process. The beginning inventory was $60\%$

complete with respect to conversion, and ending inventory was $90\%$ complete with respect

to conversion.

The company reports the following costs:

Cost in beginning work in process, August $1$

Materials $$39,060$

Direct labor $$17,300$

Applied overhead $$25,948$

Cost incurred during August

Materials $$168,300$

Direct labor $$179,172$

Applied overhead $$218,988$

$3.$ Using the weighted average method, what is the total cost of units transferred out

during August?

a$.$ $$566,460.$

b$.$ $$648,768.$

c$.$ $$512,400.$

d$.$ $$492,898.$

$4.$ Using the FIFO method, what is the total cost of units transferred out during August?

a$.$ $$430,860.$

b$.$ $$509,880.$

c$.$ $$566,460$

d$.$ $$513,168.$

$5.$ What was the cost per equivalent unit for conversion for July under FIFO? $($rounded to

the nearest penny$)$

a$.$ $$4\mathrm{.}20.$

b$.$ $$4\mathrm{.}00.$

c$.$ $$6\mathrm{.}00.$

d$.$ Cannot be determined.

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