39) Carrington Corporation produces canned vegetable soup. The company uses the weighted-
average method in its process costing system. The company sold 300,000 units in January. Data
concerning inventories follow:
Inventory at January 1:
Work in process
None
Finished goods
75,000
units
Inventory at January 31:
Work in process (75% complete with respect to conversion costs)
24,000
units
Finished goods
60,000
units
What were the equivalent units for conversion costs for January?
A) 285,000 units.
B) 303,000 units
C) 300,000 units
D) 309,000 units
Conversion
Units transferred to the next department
285,000
Conversion: 24,000 units × 75%
Equivalent units of production
303,000
40) Darden Corporation uses the weighted-average method in its process costing system. The
first processing department, the Welding Department, started the month with 18,000 units in its
beginning work in process inventory that were 10% complete with respect to conversion costs.
The conversion cost in this beginning work in process inventory was $16,200. An additional
84,000 units were started into production during the month. There were 17,000 units in the
ending work in process inventory of the Welding Department that were 70% complete with
respect to conversion costs. A total of $836,880 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:
A) $8.286
B) $9.000
C) $8.804
D) $9.963
41) Paceheco 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
5,100
70
%
Transferred in from the prior department during January
59,000
Completed and transferred to the next department during
January
56,800
Ending work in process inventory
7,300
40
%
The accounting records indicate that the conversion cost that had been assigned to beginning
work in process inventory was $34,558 and a total of $559,254 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:
A) $9.479
B) $9.943
C) $9.680
D) $8.435
42) Lucas Corporation uses the weighted-average method in its process costing system. The
company adds materials at the beginning of the process in the Forming Department, which is the
first of two stages in its production process. Information concerning operations in the Forming
Department in October follows:
Units
Materials
Cost
Work in process on October 1
6,000
$
3,000
Units started during October
50,000
$
25,560
Units completed and transferred to the next Department
during October
44,000
What was the materials cost of work in process at October 31?
A) $3,060
B) $5,520
C) $6,000
D) $6,120
43) Hache Corporation uses the weighted-average method in its process costing system. The first
processing department, the Welding Department, started the month with 17,000 units in its
beginning work in process inventory that were 20% complete with respect to conversion costs.
The conversion cost in this beginning work in process inventory was $7,480. An additional
89,000 units were started into production during the month and 92,000 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 90%
complete with respect to conversion costs. A total of $202,400 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:
A) $1.965
B) $2.200
C) $2.007
D) $2.274
44) Lanjan Corporation uses the weighted-average method in its process costing system.
Operating data for the first processing department for the month of June appear below:
Units
Percent
Complete with
Respect to
Conversion
Beginning work in process inventory
14,000
50
%
Started into production during June
76,000
Ending work in process inventory
20,000
10
%
According to the company’s records, the conversion cost in beginning work in process inventory
was $92,218 at the beginning of June. Additional conversion costs of $571,618 were incurred in
the department during the month. What was the cost per equivalent unit for conversion costs for
the month? (Round off to three decimal places.)
A) $9.410
B) $7.521
C) $5.954
D) $9.220
45) The Richmond Corporation uses the weighted-average method in its process costing system.
The company has only a single processing department. The company’s ending work in process
inventory on August 31 consisted of 18,000 units. The units in the ending work in process
inventory were 100% complete with respect to materials and 60% complete with respect to labor
and overhead. If the cost per equivalent unit for August was $2.75 for materials and $4.25 for
labor and overhead, the total cost assigned to the ending work in process inventory was:
A) $126,000
B) $75,600
C) $80,100
D) $95,400
46) Saada 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
3,700
20
%
Transferred in from the prior department during March
59,000
Ending work in process inventory
7,200
60
%
The Fitting Department’s cost per equivalent unit for conversion cost for March was $5.99. How
much conversion cost was assigned to the units transferred out of the Fitting Department during
March?
A) $332,445.00
B) $375,573.00
C) $328,012.40
D) $353,410.00
Conversion
Units completed and transferred out:
Units transferred to the next department (a)
55,500
Cost per equivalent unit (b)
$
Cost of units completed and transferred out (a) × (b)
$
332,445
47) Raider 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
7,700
10
%
Transferred in from the prior department during January
64,000
Completed and transferred to the next department during
January
63,800
Ending work in process inventory
7,900
80
%
The Molding Department’s cost per equivalent unit for conversion cost for January was $3.19.
How much conversion cost was assigned to the ending work in process inventory in the Molding
Department for January?
A) $22,106.70
B) $25,201.00
C) $20,160.80
D) $5,040.20
48) Lap Corporation uses the weighted-average method in its process costing system. The
beginning work in process inventory in a particular department consisted of 80,000 units, 100%
complete with respect to materials and 25% complete with respect to conversion costs. The total
dollar value of this inventory was $226,000. During the month, 150,000 units were transferred
out of the department. The costs per equivalent unit for the month were $2.00 for materials and
$3.50 for conversion costs. The cost of the units completed and transferred out of the department
was:
A) $681,000
B) $765,000
C) $821,000
D) $825,000
49) Walbin Corporation uses the weighted-average method in its process costing system. The
beginning work in process inventory in a particular department consisted of 12,000 units, 100%
complete with respect to materials cost and 20% complete with respect to conversion costs. The
total cost in the beginning work in process inventory was $39,400. A total of 42,000 units were
transferred out of the department during the month. The costs per equivalent unit were computed
to be $2.40 for materials and $4.50 for conversion costs. The total cost of the units completed
and transferred out of the department was:
A) $250,200
B) $289,800
C) $250,400
D) $189,000
50) Vallin Manufacturing Corporation’s beginning work in process inventory consisted of 8,000
units, 100% complete with respect to materials cost and 60% complete with respect to
conversion costs. The total cost in the beginning inventory was $36,000. During the month,
40,000 units were transferred out. The equivalent unit cost was computed to be $2.50 for
materials and $3.00 for conversion costs under the weighted-average method. Given this
information, the total cost of the units completed and transferred out was:
A) $256,000
B) $185,600
C) $220,000
D) $184,000
51) The following data were taken from the accounting records of the Mixing Department of
Kappa Corporation which uses the weighted-average method in its process costing system:
Beginning work in process inventory:
Cost
$
19,000
Units
30,000
units
Percent completion with respect to materials
100
%
Percent completion with respect to conversion
60
%
Units completed and transferred out
82,000
units
Cost per equivalent unit:
Material
$
1.50
Material
$
0.75
A) $184,500
B) $149,500
C) $167,500
D) $145,000
transferred out:
next department (a)
(b)
(b)
52) Mundes Corporation uses the weighted-average method in its process costing system. The
beginning work in process inventory in its Painting Department consisted of 2,000 units that
were 60% complete with respect to materials and 40% complete with respect to conversion costs.
The cost of the beginning work in process inventory in the department was recorded as $8,800.
During the period, 8,000 units were completed and transferred on to the next department. The
costs per equivalent unit for the period were $4.00 for material and $5.00 for conversion costs.
The cost of units transferred out during the month was:
A) $40,000
B) $63,200
C) $72,000
D) $80,800
53) In July, one of the processing departments at Okamura Corporation had beginning work in
process inventory of $13,000 and ending work in process inventory of $18,000. During the
month, the cost of units transferred out from the department was $148,000. In the department’s
cost reconciliation report for July, the total cost to be accounted for under the weighted-average
method would be:
A) $31,000
B) $119,000
C) $132,000
D) $166,000
54) In April, one of the processing departments at Terada Corporation had beginning work in
process inventory of $21,000 and ending work in process inventory of $27,000. During the
month, $244,000 of costs were added to production and the cost of units transferred out from the
department was $238,000. In the department’s cost reconciliation report for April, the total cost
to be accounted for under the weighted-average method would be:
A) $48,000
B) $265,000
C) $530,000
D) $509,000
55) Kota Toy Corporation manufactures lizard dolls in two departments, Molding and Assembly.
In the Molding Department, plastic is injected into a lizard-shaped mold. The dolls that come out
of the molds are then transferred to the Assembly Department where hair is applied. Kota uses a
weighted-average process cost system to collect costs in both departments.
On January 1, the Molding Department had 4,000 dolls in process. These dolls were 100%
complete with respect to direct materials and 70% complete with respect to conversion cost.
During January, Molding completed 79,000 dolls. On January 31, Molding had 7,000 dolls in
work in process. These dolls were 100% complete with respect to direct materials and 25%
complete with respect to conversion cost.
How many dolls were started in the Molding Department during January?
A) 75,000
B) 76,000
C) 82,000
D) 86,000