61
72) 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
%
The cost per equivalent unit for conversion costs for the first department for the month is closest
to:
A) $18.39
B) $16.46
C) $17.51
D) $14.24
73) 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
%
The cost of ending work in process inventory in the first processing department according to the
company’s cost system is closest to:
A) $13,570
B) $50,888
C) $30,660
D) $67,851
74) Sumter Corporation uses the weighted-average method in its process costing system. The
following data pertain to operations in the first processing department for a recent month:
Work in process, beginning:
Units in process
6,000
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
20
%
Costs in the beginning inventory:
Materials cost
$
78,200
Conversion cost
$
3,600
Units started during the month
?
Units completed and transferred out during the month
70,000
Costs added to production during the month:
Materials cost
$
286,600
Conversion cost
$
216,000
Work in process, ending:
Units in process
8,000
Percent complete with respect to materials
75
%
Percent complete with respect to conversion
25
%
How many units were started into production during the month?
A) 68,000 units
B) 84,000 units
C) 72,000 units
D) 56,000 units
75) Sumter Corporation uses the weighted-average method in its process costing system. The
following data pertain to operations in the first processing department for a recent month:
Work in process, beginning:
Units in process
6,000
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
20
%
Costs in the beginning inventory:
Materials cost
$
78,200
Conversion cost
$
3,600
Units started during the month
?
Units completed and transferred out during the month
70,000
Costs added to production during the month:
Materials cost
$
286,600
Conversion cost
$
216,000
Work in process, ending:
Units in process
8,000
Percent complete with respect to materials
75
%
Percent complete with respect to conversion
25
%
What was the cost per equivalent unit for conversion during the month?
A) $5.45
B) $6.95
C) $4.00
D) $3.05
76) Sumter Corporation uses the weighted-average method in its process costing system. The
following data pertain to operations in the first processing department for a recent month:
Work in process, beginning:
Units in process
6,000
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
20
%
Costs in the beginning inventory:
Materials cost
$
78,200
Conversion cost
$
3,600
Units started during the month
?
Units completed and transferred out during the month
70,000
Costs added to production during the month:
Materials cost
$
286,600
Conversion cost
$
216,000
Work in process, ending:
Units in process
8,000
Percent complete with respect to materials
75
%
Percent complete with respect to conversion
25
%
How much cost, in total, was assigned to the units transferred out to the next department during
the month?
A) $549,500
B) $584,400
C) $502,600
D) $535,000
77) Carpenter Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 600 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,200
60%
Conversion costs
$
8,500
55%
A total of 7,800 units were started and 7,100 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs
$
95,000
Conversion costs
$
169,200
The ending inventory was 85% complete with respect to materials and 70% 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) 1,300
B) 900
C) 7,200
D) 700
78) Carpenter Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 600 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,200
60%
Conversion costs
$
8,500
55%
A total of 7,800 units were started and 7,100 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs
$
95,000
Conversion costs
$
169,200
The ending inventory was 85% complete with respect to materials and 70% complete with
respect to conversion costs.
What are the equivalent units for conversion costs for the month in the first processing
department?
A) 910
B) 8,010
C) 7,100
D) 8,400
Units transferred to the next department
7,100
Conversion: 1,300 units × 70%
Equivalent units of production
8,010
79) Carpenter Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 600 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,200
60%
Conversion costs
$
8,500
55%
A total of 7,800 units were started and 7,100 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs
$
95,000
Conversion costs
$
169,200
The ending inventory was 85% complete with respect to materials and 70% 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) $11.31
B) $12.21
C) $11.58
D) $11.93
80) Carpenter Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 600 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,200
60%
Conversion costs
$
8,500
55%
A total of 7,800 units were started and 7,100 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs
$
95,000
Conversion costs
$
169,200
The ending inventory was 85% complete with respect to materials and 70% complete with
respect to conversion costs.
The total cost transferred from the first processing department to the next processing department
during the month is closest to:
A) $264,200
B) $244,219
C) $288,935
D) $277,900
81) Fuller Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 700 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
12,700
85%
Conversion costs
$
10,900
30%
A total of 9,800 units were started and 8,800 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
$
175,600
Conversion costs
$
420,900
The ending inventory was 85% complete with respect to materials and 70% complete with
respect to conversion costs.
The total cost transferred from the first processing department to the next processing department
during the month is closest to:
A) $620,100
B) $646,832
C) $542,106
D) $596,500
82) Fuller Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 700 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
12,700
85%
Conversion costs
$
10,900
30%
A total of 9,800 units were started and 8,800 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
$
175,600
Conversion costs
$
420,900
The ending inventory was 85% complete with respect to materials and 70% complete with
respect to conversion costs.
The cost of ending work in process inventory in the first processing department according to the
company’s cost system is closest to:
A) $77,994
B) $73,308
C) $104,725
D) $89,016