4-116
33.
Harker Corporation uses the weighted-average method in its process costing system. The
first processing department, the Welding Department, started the month with 16,000 units
in its beginning work in process inventory that were 40% complete with respect to
conversion costs. The conversion cost in this beginning work in process inventory was
$29,440. An additional 59,000 units were started into production during the month and
61,000 units were completed in the Welding Department and transferred to the next
processing department. There were 14,000 units in the ending work in process inventory of
the Welding Department that were 10% complete with respect to conversion costs. A total
of $246,400 in conversion costs were incurred in the department during the month.
The cost per equivalent unit for conversion costs for the month is closest to:
4-117
4-118
34.
Paxton Corporation uses the weighted-average method in its process costing system. The
Molding Department is the second department in its production process. The data below
summarize the department’s operations in January.
Units
Percent Complete with Respect to
Conversion
Beginning work in process inventory
2,700
80%
Transferred in from the prior department during
January
57,000
Completed and transferred to the next department
during January
50,300
Ending work in process inventory
9,400
20%
Units transferred to the next department
The accounting records indicate that the conversion cost that had been assigned to
beginning work in process inventory was $10,973 and a total of $268,107 in conversion
costs were incurred in the department during January.
The cost per equivalent unit for conversion costs for January in the Molding Department
is closest to:
4-119
4-120
35.
Barnett Corporation uses the weighted-average method in its process costing system. The
company adds materials at the beginning of the process in Department M. Conversion
costs were 75% complete with respect to the 4,000 units in work in process at May 1 and
50% complete with respect to the 6,000 units in work in process at May 31. During May,
12,000 units were completed and transferred to the next department. An analysis of the
costs relating to work in process at May 1 and to production activity for May follows:
Materials
Conversion
Work in process May 1
$13,800
$3,740
Costs added during May
$42,000
$26,260
The total cost per equivalent unit for May was:
Units transferred to the next department
Ending work in process inventory:
Equivalent units of production
Materials
Conversion
Cost of beginning work in process inventory
$13,800
$3,740
Costs added during the period
4-121
4-122
36.
David Corporation uses the weighted-average method in its process costing system. The
first processing department, the Welding Department, started the month with 20,000 units
in its beginning work in process inventory that were 80% complete with respect to
conversion costs. The conversion cost in this beginning work in process inventory was
$123,200. An additional 65,000 units were started into production during the month. There
were 19,000 units in the ending work in process inventory of the Welding Department that
were 10% complete with respect to conversion costs. A total of $389,250 in conversion
costs were incurred in the department during the month.
The cost per equivalent unit for conversion costs for the month is closest to:
4-123
4-124
37.
Jimmy Corporation uses the weighted-average method in its process costing system. The
ending work in process inventory consists of 9,000 units. The ending work in process
inventory is 100% complete with respect to materials and 70% complete with respect to
labor and overhead. If the cost per equivalent unit for the period is $3.75 for material and
$1.25 for labor and overhead, what is the balance of the ending work in process inventory
account?
4-125
4-126
38.
Stay Corporation uses the weighted-average method in its process costing system. The
company’s ending work in process inventory consists of 8,000 units, 60% complete with
respect to materials and 80% complete with respect to conversion costs. If the total cost in
this inventory is $200,000 and if the cost for materials is $16 per equivalent unit for the
period, the conversion cost per equivalent unit of the production for the period must be:
4-127
4-128
39.
Walborn Corporation uses the weighted-average method in its process costing system.
The beginning work in process inventory in a particular department consisted of 11,000
units, 100% complete with respect to materials cost and 30% complete with respect to
conversion costs. The total cost in the beginning work in process inventory was $22,400. A
total of 45,000 units were transferred out of the department during the month. The costs
per equivalent unit were computed to be $1.20 for materials and $3.40 for conversion
costs. The total cost of the units completed and transferred out of the department was:
4-129
40.
Trapp Corporation uses the weighted-average method in its process costing system. The
beginning work in process inventory in its Painting Department consisted of 3,000 units
that were 70% complete with respect to materials and 60% complete with respect to
conversion costs. The cost of the beginning work in process inventory in the department
was recorded as $10,000. During the period, 9,000 units were completed and transferred
on to the next department. The costs per equivalent unit for the period were $2.00 for
material and $3.00 for conversion costs. The cost of units transferred out during the month
was:
4-130
41.
Valley Manufacturing Corporation’s beginning work in process inventory consisted of
10,000 units, 100% complete with respect to materials cost and 40% complete with respect
to conversion costs. The total cost in the beginning inventory was $30,000. During the
month, 50,000 units were transferred out. The equivalent unit cost was computed to be
$2.00 for materials and $3.70 for conversion costs under the weighted-average method.
Given this information, the total cost of the units completed and transferred out was:
4-131
42.
Sarver Corporation uses the weighted-average method in its process costing system. The
Fitting Department is the second department in its production process. The data below
summarize the department’s operations in March.
Units
Percent Complete with Respect to
Conversion
Beginning work in process inventory
7,100
70%
Transferred in from the prior department during
March
61,000
Ending work in process inventory
4,600
30%
Units completed and transferred out:
The Fitting Department’s cost per equivalent unit for conversion cost for March was
$8.24.
How much conversion cost was assigned to the units transferred out of the Fitting
Department during March?
4-132
4-133
43.
Rariton Corporation uses the weighted-average method in its process costing system. The
Molding Department is the second department in its production process. The data below
summarize the department’s operations in January.
Units
Percent Complete with Respect to
Conversion
Beginning work in process inventory
4,800
60%
Transferred in from the prior department during
January
78,000
Completed and transferred to the next department
during January
80,900
Ending work in process inventory
1,900
40%
Ending work in process:
The Molding Department’s cost per equivalent unit for conversion cost for January was
$5.37.
How much conversion cost was assigned to the ending work in process inventory in the
Molding Department for January?
4-134
44.
In May, one of the processing departments at Stitzel Corporation had beginning work in
process inventory of $16,000 and ending work in process inventory of $27,000. During the
month, the cost of units transferred out from the department was $160,000. In the
department’s cost reconciliation report for May, the total cost to be accounted for under
the weighted-average method would be:
4-135
45.
In February, one of the processing departments at Manger Corporation had beginning
work in process inventory of $25,000 and ending work in process inventory of $34,000.
During the month, $290,000 of costs were added to production and the cost of units
transferred out from the department was $281,000. In the department’s cost reconciliation
report for February, the total cost to be accounted for under the weighted-average method
would be: