92) A production department’s output for the most recent month consisted of 8,000 units completed
and transferred to the next stage of production and 5,000 units in ending Work in Process
inventory. The units in ending Work in Process inventory were 50% complete with respect to both
direct materials and conversion costs. Calculate the equivalent units of production for the month,
assuming the company uses the weighted average method.
A) 6,500 units.
B) 5,500 units.
C) 9,000 units.
D) 13,000 units.
E) 10,500 units.
93) The Fabricating Department started the current month with a beginning Work in Process inventory
of $10,000. During the month, it was assigned the following costs: direct materials, $76,000; direct
labor, $24,000; and factory overhead, 50% of direct labor cost. Also, inventory with a cost of
$109,000 was transferred out of the department to the next phase in the process. The ending
balance of the Work in Process Inventory account for the Fabricating Department is:
A) $110,000. B) $13,000. C) $56,000. D) $59,000. E) $165,000.
94) A company uses a process costing system. Its Assembly Department’s beginning inventory
consisted of 30,000 units, 75% complete with respect to direct labor and overhead. The department
completed and transferred out 127,500 units this period. The ending inventory consists of 20,000
units that are 25% complete with respect to direct labor and overhead. All direct materials are
added at the beginning of the process. The department incurred direct labor costs of $24,000 and
overhead costs of $32,000 for the period. Assuming the weighted average method, the direct labor
cost per equivalent unit (rounded to the nearest cent) is:
A) $0.16. B) $0.18. C) $0.14. D) $0.30. E) $0.37.
95) A company’s beginning Work in Process inventory consisted of 20,000 units that were 20%
complete with respect to direct labor. These beginning units were completed and another 90,000
units were started during the current period. Of those started, 60,000 were finished and the
remaining 30,000 were 40% complete at the end of the period. Using the weighted-average
method, the equivalent units of production with regard to direct labor were:
A) 96,000. B) 92,000. C) 76,000. D) 74,000. E) 88,000.
96) A company’s beginning Work in Process inventory consisted of 20,000 units that were 80%
complete with respect to direct labor. A total of 90,000 were finished during the period and 25,000
remaining in Work in Process inventory were 40% complete with respect to direct labor at the end
of the period. Using the weighted-average method, the equivalent units of production with regard
to direct labor were:
A) 100,000. B) 90,000. C) 76,000. D) 46,000. E) 116,000.
97) The following refers to units processed by a breakfast cereal maker in August. Compute the total
equivalent units of production with respect to conversion for August using the weighted-average
inventory method.
Units of
Product
Percent of
Conversion Added
Beginning Work in Process 230,000 60 %
Units started 570,000 100 %
Units completed 620,000 100 %
Ending Work in Process 180,000 70 %
A) 884,000 B) 746,000 C) 620,000 D) 758,000 E) 800,000
98) At the beginning of the recent period, there were 900 units of product in a department, 35%
completed. These units were finished and an additional 5,000 units were started and completed
during the period. 800 units were still in process at the end of the period, 25% completed. Using
the weighted average method, the equivalent units produced by the department were:
A) 6,100 units.
B) 6,700 units.
C) 5,900 units.
D) 5,000 units.
E) 5,500 units.
99) A company uses the weighted average method for inventory costing. During a period, Department
B finished and transferred 50,000 units to Department C. Also in Department B during the period,
10,000 units were started but brought only to a stage of being 60% completed. The number of
equivalent units produced by Department B during the period was:
A) 50,000 units.
B) 56,000 units.
C) 54,000 units.
D) 60,000 units.
E) 44,000 units.
100) Metaline Corp. uses the weighted average method for inventory costs and had the following
information available for the year. The number of units transferred to finished goods during the year
is:
Beginning Work in Process (40% complete, $1,100)
200
units
Ending inventory of Work in Process (80% complete)
400
units
Total units started during the year 3,20
0
units
A) 3,200 units.
B) 3,400 units.
C) 3,000 units.
D) 3,500 units.
E) 3,160 units.
101) Metaline Corp. uses the weighted average method for inventory costs and had the following
information available for the year. Calculate the equivalent units of production for the year:
Beginning Work in Process (40% complete, $1,100)
200
units
Ending inventory of Work in Process (80% complete)
400
units
Total units started during the year 3,20
0
units
A) 3,240 units.
B) 3,200 units.
C) 3,320 units.
D) 3,520 units.
E) 3,800 units.
