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:
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%
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:
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:
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:
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?
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:
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:
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:
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:
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%
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?
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%
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?
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: