102) A company uses a process costing system. Its Weaving Department completed and
transferred out 120,000 units during the current period. The ending inventory in the Weaving
Department consists of 40,000 units (20% complete with respect to direct materials and 60%
complete with respect to conversion costs).
Determine the equivalent units of production for the Weaving Department for direct materials
and conversion costs assuming the weighted average method.
A) 120,000 materials; 120,000 conversion.
B) 120,000 materials; 160,000 conversion.
C) 128,000 materials; 120,000 conversion.
D) 128,000 materials; 144,000 conversion.
E) 128,000 materials; 184,000 conversion.
103) A company uses a process costing system. Its Welding Department completed and
transferred out 100,000 units during the current period. The ending inventory in the Welding
Department consists of 30,000 units (75% complete with respect to direct materials and 40%
complete with respect to conversion costs).
Determine the equivalent units of production for the Welding Department for direct materials
and conversion costs assuming the weighted average method.
A) 130,000 materials; 130,000 conversion.
B) 130,000 materials; 112,000 conversion.
C) 107,500 materials; 118,000 conversion.
D) 122,500 materials; 112,000 conversion.
E) 112,500 materials; 130,000 conversion.
104) A process cost summary is a managerial accounting report that describes all but which of
the following:
A) The gross profit earned on the sale of products.
B) The equivalent units of production by the department.
C) How the costs were assigned to the output.
D) Physical transfers for a department.
E) The costs charged to a department.
105) At the beginning of the month, the Forming Department of Martin Manufacturing had
10,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion.
During the month the department started 60,000 units and transferred 62,000 units to the next
manufacturing department. At the end of the month, the department had 8,000 units in inventory,
80% complete as to materials and 60% complete as to conversion. If Martin Manufacturing uses
the weighted average method of process costing, compute the equivalent units for materials and
conversion respectively for the Forming Department.
A) 68,400 materials; 66,800 conversion.
B) 58,400 materials; 56,800 conversion.
C) 59,000 materials; 61,000 conversion.
D) 65,400 materials; 66,800 conversion.
E) 65,400 materials; 65,800 conversion.
106) At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000
units in inventory, 70% complete as to materials, and 20% complete as to conversion. During the
month the department started 115,000 units and transferred 120,000 units to the next
manufacturing department. At the end of the month, the department had 15,000 units in
inventory, 40% complete as to materials and 10% complete as to conversion. If Skye
Manufacturing uses the weighted average method of process costing, compute the equivalent
units for materials and conversion respectively for the Painting Department.
A) 126,000 materials; 121,500 conversion.
B) 112,000 materials; 117,500 conversion.
C) 126,000 materials; 117,500 conversion.
D) 121,500 materials; 126,000 conversion.
E) 112,000 materials; 121,500 conversion.
107) At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000
units in inventory, 70% complete as to materials, and 20% complete as to conversion. The cost
of the beginning inventory, $28,650, consisted of $22,400 of material costs and $6,250 of
conversion costs. During the month the department started 115,000 units and transferred 120,000
units to the next manufacturing department. Costs added in the current month consisted of
$229,600 of materials costs and $540,500 of conversion costs. At the end of the month, the
department had 15,000 units in inventory, 40% complete as to materials and 10% complete as to
conversion. If Skye Manufacturing uses the weighted average method of process costing,
compute the costs per equivalent unit of materials and conversion respectively for the Painting
Department.
A) $2.00; $4.50.
B) $1.82; $4.45.
C) $2.05; $4.60.
D) $2.05; $4.45.
E) $2.25; $4.65.
108) Sparky Corporation uses the weighted-average method of process costing. The following
information is available for February in its Molding Department:
Units:
Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to
conversion.
Units started and completed: 110,000.
Units completed and transferred out: 135,000.
Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to
conversion.
Costs:
Costs in beginning Work in Process – Direct Materials: $43,000.
Costs in beginning Work in Process – Conversion: $48,850.
Costs incurred in February – Direct Materials: $287,000.
Costs incurred in February – Conversion: $599,150.
Calculate the equivalent units of materials.
A) 165,000
B) 144,000
C) 140,000
D) 130,250
E) 110,000
109) Sparky Corporation uses the weighted-average method of process costing. The following
information is available for February in its Molding Department:
Units:
Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to
conversion.
Units started and completed: 110,000.
Units completed and transferred out: 135,000.
Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to
conversion.
Costs:
Costs in beginning Work in Process – Direct Materials: $43,000.
Costs in beginning Work in Process – Conversion: $48,850.
Costs incurred in February – Direct Materials: $287,000.
Costs incurred in February – Conversion: $599,150.
Calculate the equivalent units of conversion.
A) 165,000
B) 130,250
C) 140,000
D) 144,000
E) 110,000
49
110) Sparky Corporation uses the weighted-average method of process costing. The following
information is available for February in its Molding Department:
Units:
Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to
conversion.
Units started and completed: 110,000.
Units completed and transferred out: 135,000.
Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to
conversion.
Costs:
Costs in beginning Work in Process – Direct Materials: $43,000.
Costs in beginning Work in Process – Conversion: $48,850.
Costs incurred in February – Direct Materials: $287,000.
Costs incurred in February – Conversion: $599,150.
Calculate the cost per equivalent unit of materials.
A) $2.00
B) $2.05
C) $1.74
D) $2.36
E) $2.61
111) Sparky Corporation uses the weighted-average method of process costing. The following
information is available for February in its Molding Department:
Units:
Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to
conversion.
Units started and completed: 110,000.
Units completed and transferred out: 135,000.
Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to
conversion.
Costs:
Costs in beginning Work in Process – Direct Materials: $43,000.
Costs in beginning Work in Process – Conversion: $48,850.
Costs incurred in February – Direct Materials: $287,000.
Costs incurred in February – Conversion: $599,150.
Calculate the cost per equivalent unit of conversion.
A) $4.60
B) $4.50
C) $4.16
D) $4.98
E) $5.45
112) Richards Corporation uses the weighted-average method of process costing. The following
information is available for October in its Fabricating Department:
Units:
Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to
conversion.
Units started and completed: 250,000.
Units completed and transferred out: 330,000.
Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to
conversion.
Costs:
Costs in beginning Work in Process – Direct Materials: $37,200.
Costs in beginning Work in Process – Conversion: $79,700.
Costs incurred in October – Direct Materials: $646,800.
Costs incurred in October – Conversion: $919,300.
Calculate the equivalent units of materials.
A) 250,000
B) 317,000
C) 294,000
D) 333,000
E) 342,000
113) Richards Corporation uses the weighted-average method of process costing. The following
information is available for October in its Fabricating Department:
Units:
Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to
conversion.
Units started and completed: 250,000.
Units completed and transferred out: 330,000.
Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to
conversion.
Costs:
Costs in beginning Work in Process – Direct Materials: $37,200.
Costs in beginning Work in Process – Conversion: $79,700.
Costs incurred in October – Direct Materials: $646,800.
Costs incurred in October – Conversion: $919,300.
Calculate the equivalent units of conversion.
A) 250,000
B) 317,000
C) 294,000
D) 333,000
E) 342,000
114) Richards Corporation uses the weighted-average method of process costing. The following
information is available for October in its Fabricating Department:
Units:
Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to
conversion.
Units started and completed: 250,000.
Units completed and transferred out: 330,000.
Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to
conversion.
Costs:
Costs in beginning Work in Process – Direct Materials: $37,200.
Costs in beginning Work in Process – Conversion: $79,700.
Costs incurred in October – Direct Materials: $646,800.
Costs incurred in October – Conversion: $919,300.
Calculate the cost per equivalent unit of materials.
A) $2.59
B) $2.33
C) $1.89
D) $2.20
E) $2.00
115) Richards Corporation uses the weighted-average method of process costing. The following
information is available for October in its Fabricating Department:
Units:
Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to
conversion.
Units started and completed: 250,000.
Units completed and transferred out: 330,000.
Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to
conversion.
Costs:
Costs in beginning Work in Process – Direct Materials: $37,200.
Costs in beginning Work in Process – Conversion: $79,700.
Costs incurred in October – Direct Materials: $646,800.
Costs incurred in October – Conversion: $919,300.
Calculate the cost per equivalent unit of conversion.
A) $2.76
B) $3.15
C) $3.68
D) $2.90
E) $3.00
56
116) Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the
manufacturing process in the Cutting Department. Conversion costs are incurred uniformly
throughout the manufacturing process. As the cutting of material is completed, the pieces are
immediately transferred to the Sewing Department. Information for the Cutting Department for
the month of May follows.
Work in Process, May 1 (50,000 units, 100% complete for direct materials, 40% complete with
respect to conversion costs; includes $70,500 of direct material cost; $34,050 of conversion
costs).
Units started in May
225,000
Units completed in May
200,000
Work in Process, May 31 (75,000 units, 100% complete for direct materials; 20% complete for
conversion costs).
Costs incurred in May
Direct materials
$
342,000
Conversion costs
$
352,950
If Pitt Enterprises uses the weighted average method of process costing, compute the equivalent
units for direct materials and conversion respectively for May.
A) 225,000 materials; 195,000 conversion.
B) 275,000 materials; 215,000 conversion.
C) 150,000 materials; 150,000 conversion.
D) 195,000 materials; 225,000 conversion.
E) 195,000 materials; 195,000 conversion.
58
117) Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the
manufacturing process in the Cutting Department. Conversion costs are incurred uniformly
throughout the manufacturing process. As the cutting of material is completed, the pieces are
immediately transferred to the Sewing Department. Information for the Cutting Department for
the month of May follows.
Work in Process, May 1 (50,000 units, 100% complete for direct materials, 40% complete with
respect to conversion costs; includes $70,500 of direct material cost; $34,050 of conversion
costs).
Units started in May
225,000
Units completed in May
200,000
Work in Process, May 31 (75,000 units, 100% complete for direct materials; 20% complete for
conversion costs).
Costs incurred in May
Direct materials
$
342,000
Conversion costs
$
352,950
If Pitt Enterprises uses the FIFO method of process costing, compute the equivalent units for
direct materials and conversion respectively for May.
A) 225,000 materials; 195,000 conversion.
B) 275,000 materials; 215,000 conversion.
C) 150,000 materials; 150,000 conversion.
D) 195,000 materials; 225,000 conversion.
E) 195,000 materials; 195,000 conversion.
60
118) Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the
manufacturing process in the Cutting Department. Conversion costs are incurred uniformly
throughout the manufacturing process. As the cutting of material is completed, the pieces are
immediately transferred to the Sewing Department. Information for the Cutting Department for
the month of May follows.
Work in Process, May 1 (50,000 units, 100% complete for direct materials, 40% complete with
respect to conversion costs; includes $70,500 of direct material cost; $34,050 of conversion
costs).
Units started in May
225,000
Units completed in May
200,000
Work in Process, May 31 (75,000 units, 100% complete for direct materials; 20% complete for
conversion costs).
Costs incurred in May
Direct materials
$
342,000
Conversion costs
$
352,950
If Pitt Enterprises uses the FIFO method of process costing, compute the cost per equivalent unit
for direct materials and conversion costs respectively for May.
A) $1.52; $1.81.
B) $1.50; $1.76.
C) $1.83; $1.72.
D) $1.71; $1.81.
E) $3.30; $3.30.