Saturn Corporation
Begining Invent Ouy (30\% Complete as to Material $60 \%$

question 41

Multiple Choice

Saturn Corporation
Begining invent ouy (30\% complete as to Material B and $60 \%$ complete for                                   700                                  units
conversion

Started this cycle                                                                                                                                    2,000                               units
Ending inventory (50\% complete as to Material B and $80 \%$ complete for conversion)                       500                                  units



$\begin{array}{lc}\text { Beginuing inventory costs: } & \\\text { Material A } &\$ 14,270 \\\text { Material B } &5,950 \\\text { Conversion } & 5,640 \\\text { Current Period costs: } & \\\text { Material A } & \$ 40,000\\\text { Material B } &70,000 \\\text { Conversion } & 98,100\end{array}$

Material A is added at the start of production,while Material B is added uniformly throughout the process.
Refer to Saturn Corporation.Assuming a weighted average method of process costing,compute EUP units for Materials A and

• A)2,700 and 2,280,respectively
• B)2,700 and 2,450,respectively
• C)2,000 and 2,240,respectively
• D)2,240 and 2,700,respectively

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Definitions:

Actual Costs

Actual costs represent the total expenses incurred during a specific period for goods produced or services rendered, including materials, labor, and overhead.

Perpetual System

An inventory accounting system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

FIFO Method

A method used in accounting to value inventory and determine cost of goods sold, assuming the oldest inventory items are sold first.

Material Q

Material Q seems not to be a standard key term in most contexts and without further context appears to be NO.