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Maltiple Choice chemeg ther chokce sheat best completes the siatement or canswers the quweariom 1. For which of the following businesses would a process cost system be appropriate? a. b. Auto repair service Paint manufacturer o. d. Specialty printer Custom furniture manufacturer 2. In a process cost system, the amount of work in process inventory is valued by: a. finding the sum of all open job costs b. allocating departmental costs between completed and partially completed units e multiplying units in ending inventory by the direct materials cost per unit d. all of the above manufacturer would be included in the group of 3. Which of the following costs incurred by s paper referred to as conversion costs? a. Advertising costs Raw lumber (direct materials) Machine operator's wages (direct labor) b. e. d. Sales salaries llowing costs incurred by a paper manufacturer would NOT be included in the s referred to as conversion costs? Factory supervisor's salary a. b. Machine operator's wages (direct labor) Raw lumber (direct materials) c. d. Factory maintenance personnel supplies 5, Department E had 4,000 units in work in Process that were 40% completed at the beginnin cost of $12,500. 14,000 units of direct materials were added during the period at a cost of S and 3,000 units were 75% completed at the end of materials are added at the beginning of the process. Direct labor was $32,450 and factory $18,710. The number of equivalent units of production for the period for conversion if the units were completed during the period, method is used to cost inventories was: a. 15,650 b. 14,850 c. 14,150 d. 14,650 Department A had 4,000 units in work in process that were 60% completed as to labo inning of the period, 29,000 units of direct materials were added during the perio completed during the period, and 2,000 units were 80% completed as to labor and o period. All materials are added at the beginning of the process. The first-in, first-ou inventories. The number of equivalent units of production for material costs for the period wa a. 33,000 b. 29,800 c. 29,000

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