Deck 6: Process Costing

Question 1

Which statement is a characteristic of process accounting?

A)It is used on unique products that are produced on a continuous basis.
B)It accumulates costs by individual job.
C)It works best with a small number of unique products.
D)It utilizes equivalent units computed by the weighted average method or the FIFO method.

Answer 1

D

Question 2

Which costing system is most likely to be used by manufacturer that produces unique products?

A)job-order costing
B)process costing
C)sequential costing
D)parallel costing

Answer 2

A

Question 3

Which account do the costs of completed products move to after work-in-process?

A)sales
B)finished goods
C)completed goods
D)cost of goods sold

Answer 3

B

Question 4

For which of the following businesses is process costing is most appropriate?

A)a vitamin manufacturer
B)a headhunting firm
C)a custom bike builder
D)a print shop

Question 5

Which type of costing system works best with a large number of homogeneous products?

A)job-order costing
B)process costing
C)sequential costing
D)parallel costing

Question 6

Which of the following best describes sequential processing?

A)A large number of similar products pass through an identical set of processes.
B)Units typically pass through a series of manufacturing or producing departments at the same time.
C)Partially completed units can be worked on simultaneously in different processes and then brought together in a final process for completion.
D)Units must pass through one process before they can be worked on in later processes.

Question 7

Which of the following is the cost of partially completed goods from a prior period?

A)a work-in-process transfer cost
B)beginning work-in-process cost
C)a transferred-in cost
D)an added-in cost

Question 8

Which of the following is a cost transferred from a prior process to a subsequent process?

A)a work-in-process transfer cost
B)the beginning work-in-process cost
C)a transferred-in cost
D)an added-in cost

Question 9

What type of business would likely use process costing?

A)a paper cup manufacturer
B)a cruise ship manufacturer
C)a modular home builder
D)a custom snowboard company

Question 10

Which of the following companies would be least likely to use a process-costing system?

A)a disposable diaper manufacturer
B)a print shop
C)a chemical producer
D)a paint manufacturer

Question 11

Suppose that finished units are now in the last (final)department.To which account will the cost of the finished units flow from the work-in-process account?

A)sales
B)finished goods
C)inventory
D)cost of goods sold

Question 12

When should process costing techniques be used in assigning costs to products?

A)any time production is only partially completed during the accounting period
B)when the product is composed of mass-produced homogeneous products
C)when the product is manufactured according to customer specifications
D)when the product is unique and made to order

Question 13

Which of the following businesses is most likely to use process costing?

A)a paint manufacturer
B)a law firm
C)an orthodontist
D)a custom home builder

Question 14

Which of the following best describes parallel processing?

A)A large number of similar products pass through an identical set of processes.
B)Units typically pass through a series of manufacturing or producing departments.
C)Partially completed units can be worked on simultaneously in different processes and then brought together in a final process for completion.
D)Units must pass through one process before they can be worked on in later processes.

Question 15

Which goods are moved from a prior department to subsequent department?

A)transferred-in goods
B)finished goods
C)work in process
D)beginning goods

Question 16

What types of inputs are normally found in a process-costing accounting system?

A)selling costs
B)marketing costs
C)administrative costs
D)overhead costs

Question 17

Which of the following businesses is most likely to use process costing?

A)a dentist
B)an accounting firm
C)a tire manufacturer
D)a custom machine manufacturer

Question 18

What type of service firm would not likely use process costing?

A)sorting of mail
B)filling printing orders
C)processing cheques
D)laundering of shirts

Question 19

Which of the following best describes sequential processing?

A)Units must pass through one process before they can be worked on in later processes.
B)Several sequences of production are applied to a product in the department.
C)Only one process can be applied to a product in each department.
D)Subcomponents can be worked on simultaneously in different processes and then brought together in a final process for completion.

Question 20

Which of the following best describes parallel processing?

A)Units must pass sequentially through a process.
B)Units must pass through one process before they can be worked on in later processes.
C)Units that are not processed in the correct sequence are discarded.
D)Subcomponents can be worked on simultaneously in different processes and then brought together in a final process for completion.

Question 21

The following information is provided: Materials are added at the beginning of the process.
What would be the equivalent units of production for conversion costs when using the weighted average method?
$\begin{array}{lr}& \text { Units } \\\text { Work in process, May } 1 \text { ( } 30 \% \text { complete) } &6,000\\\text { Started in June } & 40,000 \\\text { Work in process, May } 31 \text { (40\% complete) } & 14,000\end{array}$

A)27,600
B)34,800
C)35,600
D)37,600

Question 22

In process costing,which account will the cost of finished goods be transferred to when the goods are sold?

A)cost of goods sold
B)completed processes
C)finished goods
D)sales

Question 23

The following information is provided: Materials and conversion are incurred uniformly throughout the process.
What would be the equivalent units of production for conversion when using the weighted average method?

A)17,400
B)18,600
C)21,000
D)22,000

Question 24

Beginning inventory for the month contained 4,000 units that were 65% complete with respect to materials.During the month,60,000 units were completed and transferred out.Ending inventory contained 6,000 units that were 40% complete with respect to materials.What would be the weighted average equivalent units of production for materials for the month?

A)56,000
B)57,600
C)60,000
D)62,400

Question 25

Beginning inventory for the month contained 12,000 units that were 60% complete with respect to materials.During the month,80,000 units were completed and transferred out.Ending inventory contained 6,000 units,30% complete with respect to materials.What would be the weighted average equivalent units of production for materials for the month?

A)92,000
B)81,800
C)80,000
D)12,000

Question 26

The Glove Company uses the weighted average method.The beginning work in process consists of 25,000 units (100% completed as to materials and 50% complete as to conversion costs).The number of units completed was 100,000.The ending work in process consists of 15,000 units (100% complete as to materials and 25% complete as to conversion costs).What would be the equivalent units of production for conversion costs?

A)40,000
B)103,750
C)112,500
D)116,250

Question 27

Beginning inventory for the month contained 3,000 units that were 60% complete with respect to materials.During the month,50,000 units were completed and transferred out.Ending inventory contained 5,000 units that were 30% complete with respect to materials.What would be the weighted average equivalent units of production for materials for the month?

A)49,500
B)50,000
C)50,300
D)51,500

Question 28

Which of the following methods combines partially completed units in beginning inventory with current period production when computing equivalent units of production?

A)FIFO method
B)LIFO method
C)weighted average method
D)actual cost method

Question 29

Which is the best description of the cost of production report?

A)The production report provides information about the manufacturing costs incurred by the department.
B)The production report provides information about the physical units processed by the department.
C)The production report summarizes the manufacturing activity that takes place in a process department for a given period of time.
D)The production report includes the costs related to a specific job.

Question 30

Which statement best defines the concept of equivalent units of production?

A)Equivalent units are the measure of a period's output.
B)Equivalent units are the units completed in a department.
C)Equivalent units are the total of the units produced by all departments.
D)Equivalent units are the number of units completed at the end of the last process.

Question 31

For which process costing method is simplicity the main advantage?

A)LIFO
B)FIFO
C)weighted average
D)exact cost method

Question 32

Habitat Company uses the weighted average method in its costing system.In the assembly department,the equivalent units for conversion costs amounted to 35,000 for the month of May.In beginning work in process,5,000 units were 50% complete.During the month,33,000 units were started and 31,400 were completed and transferred.How many units were in the ending work in process?

A)3,600 units
B)5,000 units
C)6,600 units
D)7,000 units

Question 33

Which of the following methods can be used to account for the costs and work of beginning work in process?

A)weighted average method and LIFO
B)FIFO method and sequential processing method
C)sequential processing method and LIFO
D)weighted average method and FIFO method

Question 34

Which of the following is included in the cost of a department's transferred-in goods?

A)its materials, labour, and overhead
B)the goods transferred out as computed in the prior department
C)its materials and conversion costs
D)its materials and overhead

Question 35

What is the major advantage of the weighted average cost method?

A)It is simple.
B)It is accurate.
C)It is the required method.
D)It is the preferred method.

Question 36

The following information concerns Transformation Inc.'s equivalent units in June: What are Transformation's equivalent units for May when using the weighted average method?
$$\begin{array} { l r } &\text { Units }\\\text { Beginning work in process ( } 50 \% \text { complete) } & 2,000 \\\text { Units started during June } & 8,000 \\\text { Units completed and transferred } & 10,000 \\\text { Ending work in process ( } 70 \% \text { complete) } & 2,900\end{array}$$

A)10,000
B)12,030
C)12,900
D)22,900

Question 37

Which of the following methods considers the percentage of completion of ending work in process?

A)FIFO and LIFO
B)LIFO and CVP
C)weighted average and CVP
D)weighted average and FIFO

Question 38

Suppose a one-to-one relationship exists between the output measures.What would the units started in a subsequent department be equal to?

A)the equivalent units plus the materials added
B)the equivalent units of that department
C)the materials added plus conversion costs
D)the units transferred out from the prior department

Question 39

Which of the following is used to record raw materials,direct labour,and applied overhead costs at the time they are used?

A)raw materials inventory
B)finished goods
C)work in process
D)cost of goods sold

Question 40

What does equivalent production use to express all activity of the period?

A)work in process
B)materials labour and overhead
C)fully completed units
D)partially completed units

Question 41

LuLu, Inc. manufactures a product that passes through two processes: mixing and moulding. All manufacturing costs are added uniformly in the mixing department.
Information for the mixing department for May follows:
During May, 25,000 units were completed and transferred to the moulding department. The following costs were incurred by the mixing department during May:
Work in process, May 1:
$\begin{array}{lr}\text { Units (35\% complete) } & 5,000 \\\text { Direct materials } & \$ 24,000 \\\text { Direct labour } & \$ 30,000 \\\text { Overhead } & \$ 10,000\end{array}$ By May 31, 2,500 units that were 80% complete remained in the mixing department. LuLu uses the weighted average method. $\begin{array}{lr}\text { Direct materials } & \$ 90,000 \\\text { Direct labour } & 120,000 \\\text { Overhead } & 30,000\end{array}$

-Refer to the Figure.What would be LuLu's total cost per equivalent unit of production?

A)$6.52
B)$9.76
C)$11.26
D)$12.16

Question 42

LuLu, Inc. manufactures a product that passes through two processes: mixing and moulding. All manufacturing costs are added uniformly in the mixing department.
Information for the mixing department for May follows:
During May, 25,000 units were completed and transferred to the moulding department. The following costs were incurred by the mixing department during May:
Work in process, May 1:
$\begin{array}{lr}\text { Units (35\% complete) } & 5,000 \\\text { Direct materials } & \$ 24,000 \\\text { Direct labour } & \$ 30,000 \\\text { Overhead } & \$ 10,000\end{array}$ By May 31, 2,500 units that were 80% complete remained in the mixing department. LuLu uses the weighted average method. $\begin{array}{lr}\text { Direct materials } & \$ 90,000 \\\text { Direct labour } & 120,000 \\\text { Overhead } & 30,000\end{array}$

-Refer to the Figure.What would be LuLu's cost of goods transferred to the moulding department during May?

A)$210,000
B)$261,050
C)$281,500
D)$294,000

Question 43

The following information is available for Painting Department for June:

Refer to the Figure.What would be Painting Department's cost per equivalent unit for conversion when using the weighted average method?

A)$3.00
B)$5.00
C)$8.00
D)$9.00

Question 44

Door Specialists make a product that passes through two processes. During March, the first department transferred 50,000 units to the second department. The cost of the units transferred was $75,000. Materials are added uniformly in the second process. The following information was provided about the second department's operations during March:
$\begin{array}{ll}\text { Units, beginning work in process } & 10,000 \\\text { Units, ending work in process } & 13,000\end{array}$

-Refer to the Figure.How many units were started in Door Specialists second department during March?

A)37,000
B)40,000
C)50,000
D)63,000

Question 45

Door Specialists make a product that passes through two processes. During March, the first department transferred 50,000 units to the second department. The cost of the units transferred was $75,000. Materials are added uniformly in the second process. The following information was provided about the second department's operations during March:
$\begin{array}{ll}\text { Units, beginning work in process } & 10,000 \\\text { Units, ending work in process } & 13,000\end{array}$

-Refer to the Figure.How many units were started and completed in Door Specialists second department during March?

A)37,000
B)50,000
C)60,000
D)61,000

Question 46

Door Specialists make a product that passes through two processes. During March, the first department transferred 50,000 units to the second department. The cost of the units transferred was $75,000. Materials are added uniformly in the second process. The following information was provided about the second department's operations during March:
$\begin{array}{ll}\text { Units, beginning work in process } & 10,000 \\\text { Units, ending work in process } & 13,000\end{array}$

-Refer to the Figure.How many units were completed in Door Specialists second department during March?

A)40,000
B)47,000
C)63,000
D)73,000

Question 47

The following amounts were selected from the production report of Doggie Donuts Corporation: Doggie Donuts uses the weighted average method in preparing its production reports.What must Doggie Donuts' total production cost to be accounted for have been?
$\begin{array}{lr}\text { Actual units in production } & 55,000 \\\text { Equival ent units (materials) } & 55,000 \\\text { Equival ent units (conversion) } & 45,000 \\\text { Cost per equivalent unit (materials) } & \$ 1.50 \\\text { Cost per equivalent unit (conversion) } & \$ 1.10\end{array}$

A)$49,500
B)$82,500
C)$132,000
D)$150,000

Question 48

What is total cost divided by units produced?

A)process costs
B)unit driver
C)unit cost
D)total costs incurred

Question 49

LuLu, Inc. manufactures a product that passes through two processes: mixing and moulding. All manufacturing costs are added uniformly in the mixing department.
Information for the mixing department for May follows:
During May, 25,000 units were completed and transferred to the moulding department. The following costs were incurred by the mixing department during May:
Work in process, May 1:
$\begin{array}{lr}\text { Units (35\% complete) } & 5,000 \\\text { Direct materials } & \$ 24,000 \\\text { Direct labour } & \$ 30,000 \\\text { Overhead } & \$ 10,000\end{array}$ By May 31, 2,500 units that were 80% complete remained in the mixing department. LuLu uses the weighted average method. $\begin{array}{lr}\text { Direct materials } & \$ 90,000 \\\text { Direct labour } & 120,000 \\\text { Overhead } & 30,000\end{array}$

-Refer to the Figure.What would be LuLu's total costs to account for?

A)$176,000
B)$240,000
C)$264,000
D)$304,000

Question 50

Which two methods determine the equivalent units of production in process costing?

A)weighted average and FIFO
B)FIFO and LIFO
C)actual costing and LIFO
D)weighted average and actual costing

Question 51

The following information is available for Painting Department for June:

Refer to the Figure.What would be Painting Department's cost per equivalent unit for materials when using the weighted average method?

A)$2.00
B)$7.00
C)$8.00
D)$9.00

Question 52

LuLu, Inc. manufactures a product that passes through two processes: mixing and moulding. All manufacturing costs are added uniformly in the mixing department.
Information for the mixing department for May follows:
During May, 25,000 units were completed and transferred to the moulding department. The following costs were incurred by the mixing department during May:
Work in process, May 1:
$\begin{array}{lr}\text { Units (35\% complete) } & 5,000 \\\text { Direct materials } & \$ 24,000 \\\text { Direct labour } & \$ 30,000 \\\text { Overhead } & \$ 10,000\end{array}$ By May 31, 2,500 units that were 80% complete remained in the mixing department. LuLu uses the weighted average method. $\begin{array}{lr}\text { Direct materials } & \$ 90,000 \\\text { Direct labour } & 120,000 \\\text { Overhead } & 30,000\end{array}$

-Refer to the Figure.What would be LuLu's cost of May's ending work in process for the mixing department?

A)$17,500
B)$19,200
C)$21,400
D)$22,520

Question 53

LuLu, Inc. manufactures a product that passes through two processes: mixing and moulding. All manufacturing costs are added uniformly in the mixing department.
Information for the mixing department for May follows:
During May, 25,000 units were completed and transferred to the moulding department. The following costs were incurred by the mixing department during May:
Work in process, May 1:
$\begin{array}{lr}\text { Units (35\% complete) } & 5,000 \\\text { Direct materials } & \$ 24,000 \\\text { Direct labour } & \$ 30,000 \\\text { Overhead } & \$ 10,000\end{array}$ By May 31, 2,500 units that were 80% complete remained in the mixing department. LuLu uses the weighted average method. $\begin{array}{lr}\text { Direct materials } & \$ 90,000 \\\text { Direct labour } & 120,000 \\\text { Overhead } & 30,000\end{array}$

-Refer to the Figure.What would be LuLu's equivalent units of production when using the weighted average method?

A)20,000
B)23,000
C)27,000
D)28,750

Question 54

CandyMan Manufacturing uses a process-cost system and computes cost using the weighted average method.During the current period,the beginning work-in-process inventory cost was $15,000.Manufacturing cost added was $65,000.Suppose CandyMan's ending work-in-process inventory was valued at $22,000.What must have been the cost of goods transferred?

A)$43,000
B)$58,000
C)$65,000
D)$80,000

Question 55

Which step is cost reconciliation in the general pattern of a process-costing production report?

A)part of the physical flow analysis
B)the step before calculation of equivalent units
C)the step before the computation of unit cost
D)the last step

Question 56

Which step is physical flow analysis in the general pattern of a process-costing production report?

A)the first step
B)the step after calculation of equivalent units
C)the step after the computation of unit cost
D)the last step

Question 57

For the current period, SmartCo. started 20,000 units and completed 20,000 units, leaving 7,000 units in process 40% complete.
Refer to the Figure.Suppose SmartCo.incurred $102,600 in production costs.What would be SmartCo's cost per equivalent unit for the period?

A)$1.84
B)$4.50
C)$5.13
D)$36.64

Question 58

Which two methods are used to determine equivalent units of production in process costing?

A)weighted average and FIFO
B)FIFO and LIFO
C)exact costing and LIFO
D)weighted average and exact costing

Question 59

Which of the following are included in conversion costs?

A)direct labour and manufacturing overhead
B)direct materials and administrative costs
C)direct materials and manufacturing overhead
D)direct labour and administrative costs

Question 60

For the current period, SmartCo. started 20,000 units and completed 20,000 units, leaving 7,000 units in process 40% complete.
Refer to the Figure.How many equivalent units of production did SmartCo.have for the period?

A)10,000
B)11,500
C)13,500
D)22,800

Question 61

Red Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of October.
The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs.
Costs pertaining to the month of October area as follows:
Beginning inventory costs: materials, $54,560; conversion cost, $35,560.
Costs incurred during October: materials used, $468,000; conversion cost, $574,040.

Refer to the Figure.What would be the unit cost of materials for October when using the weighted average method?

A)$4.50
B)$4.60
C)$5.03
D)$5.46

Question 62

Assume conversion costs represent a single category.How many input categories would be typical for a department receiving transferred-in goods?

A)2
B)3
C)4
D)5

Question 63

Red Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of October.
The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs.
Costs pertaining to the month of October area as follows:
Beginning inventory costs: materials, $54,560; conversion cost, $35,560.
Costs incurred during October: materials used, $468,000; conversion cost, $574,040.

Refer to the Figure.What would be the equivalent unit conversion cost for October when using the weighted average method?

A)$5.65
B)$5.83
C)$6.00
D)$6.41

Question 64

Information concerning Department C of Boot and Shoe Company for the month of March is as follows:
All materials are added at the beginning of the process.
$\begin{array}{lll}&&\text { Materials }\\&\text { Units }&\text { Costs }\\\text { Work in process, beginning of month } & 20,000 & \$ 14,250 \\\text { Started in March } & 85,000 & \$ 66,600 \\\text { Units completed } & 90,000 & \\\text { Work in process, end of month } & 15,000 &\end{array}$

-Refer to the Figure.What would be the equivalent units for materials when using the first-in,first-out method?

A)85,000
B)90,000
C)105,000
D)110,000

Question 65

What are the two sections of a production report?

A)work in process and completed goods
B)a unit information section and a cost information section
C)finished goods and cost of goods sold
D)goods produced and goods in process

Question 66

What does an accountant need to know to calculate unit cost?

A)materials cost plus overhead
B)the output for a period and the manufacturing costs for the department for that period
C)conversion costs and prime costs
D)total units produced by all departments

Question 67

What two categories of completed units are needed in the FIFO method so that each category can be costed correctly?

A)beginning work-in-process units and units started
B)units started and completed and ending work-in-process units
C)beginning work-in-process units and units started and completed
D)units started and completed and ending work in process

Question 68

Which of the following method considers the percentage of completion of beginning work in process?

A)FIFO
B)CVP
C)weighted average
D)LIFO

Question 69

The following information is available for Department ABC for the month of September:
Materials are added at the beginning of the process. (Round unit costs to two decimal places.)

Refer to the Figure.What would be Department ABC's cost per equivalent unit of production for conversion costs when using the FIFO method?

A)$0.73
B)$0.85
C)$1.02
D)$1.18

Question 70

Which of the following is affected by nonuniform manufacturing inputs?

A)the calculation of equivalent units, unit cost, and valuation of ending work in process
B)only the calculation of equivalent units, and valuation of ending work in process
C)only the valuation of ending work in process
D)only the manufacturing outputs

Question 71

The following information is available for Department ABC for the month of September:
Materials are added at the beginning of the process. (Round unit costs to two decimal places.)

Refer to the Figure.What would be Department ABC's cost per equivalent unit of production for materials when using the FIFO method?

A)$0.90
B)$0.96
C)$1.04
D)$1.20

Question 72

What information is found in the cost of production report?

A)the physical units processed and the manufacturing costs incurred by the department
B)the manufacturing costs incurred by the department and the variable costs
C)the fixed costs and the physical units processed by the department
D)the units planned to be produced by a department

Question 73

Red Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of October.
The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs.
Costs pertaining to the month of October area as follows:
Beginning inventory costs: materials, $54,560; conversion cost, $35,560.
Costs incurred during October: materials used, $468,000; conversion cost, $574,040.

Refer to the Figure.What would be the total cost of the units in the ending work-in-process inventory at October 31 when using the weighted average method?

A)$153,960
B)$154,800
C)$155,328
D)$156,960

Question 74

The M & M Manufacturing Company uses the weighted average method. The beginning work in process consists of 10,000 units (100% completed as to materials and 50% complete as to conversion costs). The number of units completed was 100,000. The ending work in process consists of 15,000 units (100% complete as to materials and 20% complete as to conversion costs).
Refer to the Figure.How many units were started during the period?

A)95,000
B)100,000
C)105,000
D)115,000

Question 75

Which of the following does NOT appear in the production report?

A)costs transferred from prior departments
B)costs added in the department
C)physical units passing through the department
D)retail value of the units produced

Question 76

For which of the following are the total associated manufacturing costs under the FIFO method the sum of the prior-period costs plus the costs incurred in the current period to finish the units?

A)beginning work-in-process units
B)ending work-in-process units
C)units started and completed
D)conversion costs

Question 77

What is process accounting's solution for nonuniform manufacturing inputs?

A)the calculation of equivalent units for each category of manufacturing input
B)the calculation of total unit cost as if there were uniform manufacturing inputs
C)the use of the weighted average method
D)the use of FIFO method or the weighted average method

Question 78

The M & M Manufacturing Company uses the weighted average method. The beginning work in process consists of 10,000 units (100% completed as to materials and 50% complete as to conversion costs). The number of units completed was 100,000. The ending work in process consists of 15,000 units (100% complete as to materials and 20% complete as to conversion costs).
Refer to the Figure.What were the equivalent units of production for conversion costs?

A)103,000
B)108,000
C)110,000
D)150,000

Question 79

Information concerning Department C of Boot and Shoe Company for the month of March is as follows:
All materials are added at the beginning of the process.
$\begin{array}{lll}&&\text { Materials }\\&\text { Units }&\text { Costs }\\\text { Work in process, beginning of month } & 20,000 & \$ 14,250 \\\text { Started in March } & 85,000 & \$ 66,600 \\\text { Units completed } & 90,000 & \\\text { Work in process, end of month } & 15,000 &\end{array}$

-Refer to the Figure.What would be the cost (rounded to two decimal places)per equivalent unit for materials when using the first-in,first-out method?

A)$0.74
B)$0.77
C)$0.78
D)$0.90

Question 80

Red Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of October.
The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs.
Costs pertaining to the month of October area as follows:
Beginning inventory costs: materials, $54,560; conversion cost, $35,560.
Costs incurred during October: materials used, $468,000; conversion cost, $574,040.

Refer to the Figure.What would be the total equivalent units of production for direct materials when using the weighted average method?

A)92,000
B)101,600
C)113,600
D)116,000