Malaviya Corporation uses the FIFO method in its process-costing system. Operating data for the Casting Department for the month of September appear below:_x000d_
_x000d_
Units Percent Complete_x000d_
with Respect to_x000d_
Conversion_x000d_
Beginning work in process inventory 17,000 40%_x000d_
Transferred in from the prior department_x000d_
during September 72,000 _x000d_
Ending work in process inventory 18,000 30%_x000d_
_x000d_
According to the company’s records, the conversion cost in the beginning work-in-process inventory was $63,104 at the beginning of September. Additional conversion costs of $654,240 were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for September? (Round off to three decimal places.)_x000d_
_x000d_
_x000d_
Which person would occupy a line position in a department store?_x000d_
I. Sales manager_x000d_
II. Manager, furniture department_x000d_
III. Manager, advertising department_x000d_
IV. Manager, personnel department_x000d_
_x000d_
A. Only I, II, III_x000d_
B. Only I_x000d_
C. I, II, III, IV_x000d_
D. Only I and II_x000d_
Abis Corporation uses the weighted-average method in its process-costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were_x000d_
_x000d_
Cost Percent Complete_x000d_
Material costs $6,000 50%_x000d_
Conversion costs $9,900 30%_x000d_
_x000d_
A total of 9,200 units were started, and 8,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:_x000d_
_x000d_
Cost_x000d_
Material costs $113,900_x000d_
Conversion costs $322,500_x000d_
_x000d_
The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs._x000d_
_x000d_
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that’s the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places._x000d_
_x000d_
4. The total cost transferred from the first processing department to the next processing department during the month is closest to
