Processing costing: Cost flows (LO 2)
Fill in the missing data (ignore indirect materials).

Raw Materials WIP - Mixing WIP - Assembly
Inventory
Beginning Balance $ 4,000 $6,000 $10,000
Material purchased 10,000
Direct material used 12,000 10,000 (c)
Conversion costs incurred 8,000 3,000
Completed units transferred 21,000 (d) (e)
Cost of goods sold
Ending balance (a) (b) $3,000

8. problems and applications q8there are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: consumers' willingness to payyvette: $35cho: $15sean: $45bob: $25firms' costsfirm a: $40firm b: $20firm c: $10firm d: $30each firm has the capacity to produce only one haircut. for should be given. which businesses should cut hair? check all that apply. firm afirm bfirm cfirm dwhich consumers should have their hair cut? check all that apply. bobchoseanyvettethe maximum possible total surplus is