Compute the number of equivalent units with respect to direct materials using the weighted-average method.   Units Direct Materials Percent Complete Conversion Percent CompleteBeginning work in process inventory 23,000 100% 50%Units started and completed 130,000    Units completed and transferred out 153,000    Ending work in process inventory 31,000 100% 55%

Heara Ltd manufactures metal sheets, and uses the weighted average method process costing. On 1 May the Rolling Department had 3000 units work in progress, which were 50 percent completed as to conversion costs. During May 8000 units were completed and transferred out. The remaining work in progress on 30 May was 2000 units, at 50 percent complete in terms of conversion rate. Materials are added at the beginning of the process and conversion costs are incurred uniformly. What is the equivalent unit of work done to date for direct materials and conversion costs respectively?

1) The purpose of the equivalent-unit computation is to:A) convert completed units into the amount of partially completed output units that could be made withthat quantity of inputB) assist the business in determining the cost assigned to ending inventory and work-in-processinventory.C) convert partially completed units into the amount of completed output units that could be made withthat quantity of inputD) Both B and C are correc

3,000 units in a process that are 70% complete, are referred to as:Question 6Answera.3,000 equivalent units of productionb.900 equivalent units of productionc.900 unequal units of productiond.2,100 equivalent units of production

Which of the following are used to calculate the standard quantity per unit of direct materials?Multiple select question.Direct materials requirements per unit of finished product.Allowance for normal scrap and spoilage.Freight and transportation costs.

Collins Chemicals produces a compound through two processes. For its first process for a particular period, Collins had an opening WIP inventory of 100 units halfway through the process; 2300 units completed in the period; and a closing WIP inventory of 400 units three-quarters of the way through the process. Materials are added at the beginning of the process and conversion costs are incurred uniformly. Which statement is correct if the firm used weighted average costing?Group of answer choicesEquivalent units of direct material and conversion costs are both 2,600 for the period.Equivalent units of conversion costs are 2,700, and equivalent units of direct materials are 2,600.Equivalent units of direct material and conversion costs are both 2,700 for the period.Equivalent units of direct materials are 2,700, and equivalent units of conversion costs are 2,600.None of above.