2. For August Kimbrell Company has costs in BWIP equal to $50000. During August

2. For August Kimbrell Company has costs in BWIP equal to $50000. During August the cost incurred was $450000. Using the weighted average method Kimbrell had 125000 equivalent units for August. There were 100000 units transferred out during the month. The cost of goods transferred out isa. $500000.b. $400000.c. $450000.d. $360000.e. $50000.3. For September Murphy Company has manufacturing costs in BWIP equal to $100000. During September the manufacturing costs incurred were $650000. Using the weighted average method Murphy had 100000 equivalent units for September. The equivalent unit cost for September isa. $1.00.b. $7.50.c. $6.50.d. $6.00.e. $6.62.4. During June Faust Manufacturing started and completed 80000 units. In BWIP there were 25000 units 60 percent complete. In EWIP there were 25000 units 40 percent complete. Using FIFO the equivalent units area. 80000 units.b. 100000 units.c. 90000 units.d. 105000 units.e. 85000 units.5. During July Faust Manufacturing started and completed 80000 units. In BWIP there were 25000 units 20 percent complete. In EWIP there were 25000 units 80 percent complete. Using FIFO the equivalent units area. 80000 units.b. 85000 units.c. 65000 units.d. 120000 units.e. 100000 units.6. Assume for August that Faust Manufacturing has manufacturing costs equal to $80000. During August the cost incurred was $720000. Using the FIFO method Faust had 120000 equivalent units for August. The cost per equivalent unit for August isa. $6.12.b. $6.50.c. $5.60.d. $6.67.e. $6.00.7. For August Lanny Company had 25000 units in BWIP 40 percent complete with costs equal to $36000. During August the cost incurred was $450000. Using the FIFO method Lanny had 125000 equivalent units for August. There were 100000 units transferred out during the month. The cost of goods transferred out isa. $500000.b. $400000.c. $450000.d. $360000.e. $50000.8. When materials are added either at the beginning or the end of the process a unit cost should be calculated for thea. materials and labor categories.b. materials category only.c. materials and conversion categories.d. conversion category only.e. labor category only.9. With nonuniform inputs the cost of EWIP is calculated by a. multiplying the unit cost in each input category by the equivalent units of each input found in EWIP.b. subtracting the cost of goods transferred out from the total cost of materials.c. adding the materials cost to the conversion cost.d. multiplying the total unit cost by the units in EWIP.e. none of the above.10. Transferred-in goods are treated by the receiving department asa. units started for the period.b. a material added at the beginning of the process.c. a category of materials separate from conversion costs.d. All of the above.e. None of the above.