56) 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.
What account would Kota debit to record the transfer of dolls out of the Molding Department?
A) Work in Process — Assembly
B) Finished Goods
C) Manufacturing Overhead
D) Work in Process — Molding
57) 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.
What are the Molding Department’s equivalent units related to materials for January?
A) 79,000
B) 86,000
C) 89,000
D) 93,000
58) 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.
What are the Molding Department’s equivalent units related to conversion costs for January?
A) 77,950
B) 80,750
C) 83,750
D) 84,250
59) Arona Corporation manufactures canoes in two departments, Fabrication and Waterproofing.
In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum
frame. The canoes are then transferred to the Waterproofing department to be coated with
sealant. Arona uses a weighted-average process cost system to collect costs in both departments.
All materials in the Fabrication Department are added at the beginning of the production process.
On July 1, the Fabrication Department had 30 canoes in process that were 20% complete with
respect to conversion cost. On July 31, Fabrication had 20 canoes in process that were 40%
complete with respect to conversion cost. During July, the Fabrication Department completed 70
canoes and transferred them to the Waterproofing Department.
What are the Fabrication Department’s equivalent units of production related to materials for
July?
A) 78
B) 62
C) 100
D) 90
60) Arona Corporation manufactures canoes in two departments, Fabrication and Waterproofing.
In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum
frame. The canoes are then transferred to the Waterproofing department to be coated with
sealant. Arona uses a weighted-average process cost system to collect costs in both departments.
All materials in the Fabrication Department are added at the beginning of the production process.
On July 1, the Fabrication Department had 30 canoes in process that were 20% complete with
respect to conversion cost. On July 31, Fabrication had 20 canoes in process that were 40%
complete with respect to conversion cost. During July, the Fabrication Department completed 70
canoes and transferred them to the Waterproofing Department.
What are the Fabrication Department’s equivalent units of production related to conversion costs
for July?
A) 62
B) 78
C) 100
D) 90
61) Arona Corporation manufactures canoes in two departments, Fabrication and Waterproofing.
In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum
frame. The canoes are then transferred to the Waterproofing department to be coated with
sealant. Arona uses a weighted-average process cost system to collect costs in both departments.
All materials in the Fabrication Department are added at the beginning of the production process.
On July 1, the Fabrication Department had 30 canoes in process that were 20% complete with
respect to conversion cost. On July 31, Fabrication had 20 canoes in process that were 40%
complete with respect to conversion cost. During July, the Fabrication Department completed 70
canoes and transferred them to the Waterproofing Department.
What journal entry should Arona make to record the completion of the production process by the
Waterproofing Department?
A)
Finished Goods
XXX
Work in Process – Waterproofing
XXX
B)
Raw Materials
XXX
Work in Process – Waterproofing
XXX
C)
Manufacturing Overhead
XXX
Work in Process – Waterproofing
XXX
D)
Finished Goods
XXX
Work in Process – Fabrication
XXX
Work in Process – Waterproofing
XXX
62) Tript Corporation has a process costing system and uses the weighted-average method. The
company had 3,000 units in work in process on February 1 that were 60% complete with respect
to conversion costs. During the month, 10,000 units were completed. At the end of the month,
4,000 units remained in work in process that were 40% complete with respect to conversion
costs. Materials are added at the beginning of the process.
The equivalent units for February for conversion costs were:
A) 9,800
B) 11,200
C) 12,800
D) 11,600
63) Tript Corporation has a process costing system and uses the weighted-average method. The
company had 3,000 units in work in process on February 1 that were 60% complete with respect
to conversion costs. During the month, 10,000 units were completed. At the end of the month,
4,000 units remained in work in process that were 40% complete with respect to conversion
costs. Materials are added at the beginning of the process.
How many units were started into production during February?
A) 9,800
B) 11,000
C) 10,000
D) 9,000
64) Inacio Corporation uses the weighted-average method in its process costing system. Data
concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
800
Materials costs
$
12,900
Conversion costs
$
5,000
Percent complete with respect to materials
75
%
Percent complete with respect to conversion
20
%
Units started into production during the month
9,500
Units transferred to the next department during the month
8,400
Materials costs added during the month
$
172,000
Conversion costs added during the month
$
240,200
Ending work in process inventory:
Units in ending work in process inventory
1,900
Percent complete with respect to materials
90
%
Percent complete with respect to conversion
30
%
What are the equivalent units for conversion costs for the month in the first processing
department?
A) 8,400
B) 8,970
C) 570
D) 10,300
Units transferred to the next department
Conversion: 1,900 units × 30%
Equivalent units of production
65) Inacio Corporation uses the weighted-average method in its process costing system. Data
concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
800
Materials costs
$
12,900
Conversion costs
$
5,000
Percent complete with respect to materials
75
%
Percent complete with respect to conversion
20
%
Units started into production during the month
9,500
Units transferred to the next department during the month
8,400
Materials costs added during the month
$
172,000
Conversion costs added during the month
$
240,200
Ending work in process inventory:
Units in ending work in process inventory
1,900
Percent complete with respect to materials
90
%
Percent complete with respect to conversion
30
%
The cost per equivalent unit for materials for the month in the first processing department is
closest to:
A) $17.01
B) $17.95
C) $16.70
D) $18.29
66) Domingo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 400 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,500
50%
Conversion costs
$
1,700
20%
A total of 6,800 units were started and 6,100 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Cost
Materials costs
$
158,700
Conversion costs
$
120,400
The ending inventory was 85% complete with respect to materials and 75% complete with
respect to conversion costs.
How many units are in ending work in process inventory in the first processing department at the
end of the month?
A) 700
B) 900
C) 6,400
D) 1,100
67) Domingo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 400 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,500
50%
Conversion costs
$
1,700
20%
A total of 6,800 units were started and 6,100 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Cost
Materials costs
$
158,700
Conversion costs
$
120,400
The ending inventory was 85% complete with respect to materials and 75% complete with
respect to conversion costs.
What are the equivalent units for conversion costs for the month in the first processing
department?
A) 7,200
B) 6,925
C) 6,100
D) 825
Units transferred to the next department
6,100
Conversion: 1,100 units × 75%
Equivalent units of production
6,925
68) Domingo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 400 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,500
50%
Conversion costs
$
1,700
20%
A total of 6,800 units were started and 6,100 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Cost
Materials costs
$
158,700
Conversion costs
$
120,400
The ending inventory was 85% complete with respect to materials and 75% complete with
respect to conversion costs.
The cost per equivalent unit for materials for the month in the first processing department is
closest to:
A) $22.04
B) $22.81
C) $23.34
D) $22.56
69) Jublot Corporation uses the weighted-average method in its process costing system. Data
concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
600
Materials costs
$
7,300
Conversion costs
$
2,300
Percent complete with respect to materials
50
%
Percent complete with respect to conversion
10
%
Units started into production during the month
9,400
Units transferred to the next department during the month
8,600
Materials costs added during the month
$
196,300
Conversion costs added during the month
$
315,800
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
70
%
Percent complete with respect to conversion
40
%
The cost per equivalent unit for materials for the month in the first processing department is
closest to:
A) $16.31
B) $21.25
C) $14.48
D) $15.88
70) Jublot Corporation uses the weighted-average method in its process costing system. Data
concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
600
Materials costs
$
7,300
Conversion costs
$
2,300
Percent complete with respect to materials
50
%
Percent complete with respect to conversion
10
%
Units started into production during the month
9,400
Units transferred to the next department during the month
8,600
Materials costs added during the month
$
196,300
Conversion costs added during the month
$
315,800
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
70
%
Percent complete with respect to conversion
40
%
The cost per equivalent unit for conversion costs for the first department for the month is closest
to:
A) $21.76
B) $19.45
C) $34.73
D) $24.38
71) Lucas Corporation uses the weighted-average method in its process costing system. Data
concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
900
Materials costs
$
9,600
Conversion costs
$
7,700
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
45
%
Units started into production during the month
8,100
Units transferred to the next department during the month
6,900
Materials costs added during the month
$
115,800
Conversion costs added during the month
$
120,500
Ending work in process inventory:
Units in ending work in process inventory
2,100
Percent complete with respect to materials
75
%
Percent complete with respect to conversion
20
%
What are the equivalent units for materials for the month in the first processing department?
A) 9,000
B) 1,575
C) 6,900
D) 8,475
Materials
Units transferred to the next department
6,900
Materials: 2,100 units × 75%
1,575
Equivalent units of production
8,475