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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) 128,000 materials; 120,000 conversion.
B) 120,000 materials; 160,000 conversion.
C) 128,000 materials; 144,000 conversion.
D) 128,000 materials; 184,000 conversion.
E) 120,000 materials; 120,000 conversion.
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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) 107,500 materials; 118,000 conversion.
B) 130,000 materials; 130,000 conversion.
C) 112,500 materials; 130,000 conversion.
D) 130,000 materials; 112,000 conversion.
E) 122,500 materials; 112,000 conversion.
104) A process cost summary is a managerial accounting report that describes all but which of the
following:
A) The costs charged to a department.
B) The equivalent units of production by the department.
C) How the costs were assigned to the output.
D) The gross profit earned on the sale of products.
E) Physical transfers for 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) 58,400 materials; 56,800 conversion.
B) 65,400 materials; 66,800 conversion.
C) 68,400 materials; 66,800 conversion.
D) 65,400 materials; 65,800 conversion.
E) 59,000 materials; 61,000 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) 121,500 materials; 126,000 conversion.
C) 112,000 materials; 117,500 conversion.
D) 126,000 materials; 117,500 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) $2.05; $4.60.
B) $2.05; $4.45.
C) $2.25; $4.65.
D) $2.00; $4.50.
E) $1.82; $4.45.
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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) 144,000 B) 165,000 C) 110,000 D) 130,250 E) 140,000
