For which of the following businesses would a process cost system be appropriate?

  1. For which of the following businesses would a process cost system be appropriate?
    a. An oil refinery
    b. Yacht builder
    c. Specialty furniture company
    d. Customer electronics manufacturer

  2. If Department H had 600 units, 60% completed, in process at the beginning of the period, 6,000 units were completed during the period, and 700 units were 30% competed at the end of the period, what was the number of equivalent units of production for conversion costs for the period, if the first-in, first-out method is used to cost inventories?
    a. 7,300
    b. 5,640
    c. 6,700
    d. 5,850

  3. In the manufacture of 10,000 units of a product, direct materials cost incurred was $145,800, direct labor cost incurred was $82,000, and applied factory overhead was $45,500. What is the total conversion cost?
    a. $127,500
    b. $145,800
    c. $272,200
    d. $273,300