To compute equivalent units of production. one must be able to reasonably estimate:

19-20
Question Completion Status o Debit Finished Goods Inventory $444.000; credit work in Process Inventory $444,000 o Debit Work in Process Inventory s432,000; credit Cash $432,000. QUESTION 19 To compute equivalent units of production, one must be able to reasonably estimate: O The percentage of completion. O Units completed. o Units started and completed. O Direct labor cost. O Materials cost QUESTION 20 The purchase of raw materials on account in a process costing systemis recorded with a Debit to Purchases and credit to Cash. O Debit to Purchases and a credit to Accounts Payable. o Debit to Raw Materials Inventory and a credit to Accounts Payable. O Debit to Accounts Payable and a credit to Raw Materials Inventory. o Debit to Work in Process Inventory and a credit to Accounts Payable. QUESTION 21 Pitt Enterprises manufactures jeans All materials are introduced at the beginning of the manufa throughout the manufacturing process As the cutting of material the pieces are im Department for of is completed. May follows work in Process May 1 (50,000 units, 100% complete for direct materials, 40% complete with re S34,050 of conversion costs) Units started in Ma 225.000 Units completed in May

Answer

19
To compute equivalent units of preoduction, one must be reasonably able to estimate The percentage of completion.
Option A is correct
20
The purchase of raw materials is recorded with a Debit to Raw materials Inventory and a credit to Accounts Payable
Option C is correct

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