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58. Evans Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 900 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $10,800 85%
Conversion costs $28,100 75%
A total of 8,100 units were started and 6,800 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs $80,000
Conversion costs $247,400
The ending inventory was 60% complete with respect to materials and 10% complete with
respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
What are the equivalent units for conversion costs for the month in the first processing
department?
59. Evans Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 900 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $10,800 85%
Conversion costs $28,100 75%
A total of 8,100 units were started and 6,800 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs $80,000
Conversion costs $247,400
The ending inventory was 60% complete with respect to materials and 10% complete with
respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
The cost per equivalent unit for materials for the month in the first processing department is
closest to:
60. Evans Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 900 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $10,800 85%
Conversion costs $28,100 75%
A total of 8,100 units were started and 6,800 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs $80,000
Conversion costs $247,400
The ending inventory was 60% complete with respect to materials and 10% complete with
respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
The total cost transferred from the first processing department to the next processing
department during the month is closest to:
61. Acklac 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 $12,000 65%
Conversion costs $2,000 10%
A total of 9,200 units were started and 8,300 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 $200,800
Conversion costs $225,500
The ending inventory was 75% complete with respect to materials and 15% complete with
respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
What are the equivalent units for conversion costs for the month in the first processing
department?
62. Acklac 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 $12,000 65%
Conversion costs $2,000 10%
A total of 9,200 units were started and 8,300 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 $200,800
Conversion costs $225,500
The ending inventory was 75% complete with respect to materials and 15% complete with
respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
The cost per equivalent unit for materials for the month in the first processing department is
closest to:
63. Acklac 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 $12,000 65%
Conversion costs $2,000 10%
A total of 9,200 units were started and 8,300 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 $200,800
Conversion costs $225,500
The ending inventory was 75% complete with respect to materials and 15% complete with
respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
The cost per equivalent unit for conversion costs for the first department for the month is closest
to:
64. Acklac 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 $12,000 65%
Conversion costs $2,000 10%
A total of 9,200 units were started and 8,300 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 $200,800
Conversion costs $225,500
The ending inventory was 75% complete with respect to materials and 15% complete with
respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
The total cost transferred from the first processing department to the next processing
department during the month is closest to:
65. Acklac 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 $12,000 65%
Conversion costs $2,000 10%
A total of 9,200 units were started and 8,300 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 $200,800
Conversion costs $225,500
The ending inventory was 75% complete with respect to materials and 15% complete with
respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
The cost of ending work in process inventory in the first processing department according to the
company's cost system is closest to:
66. Lumb 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 200
Materials costs $2,800
Conversion costs $2,600
Percent complete with respect to materials 60%
Percent complete with respect to conversion 35%
Units started into production during the month 7,900
Units transferred to the next department during the month 7,400
Materials costs added during the month $166,000
Conversion costs added during the month $261,000
Ending work in process inventory:
Units in ending work in process inventory 700
Percent complete with respect to materials 85%
Percent complete with respect to conversion 45%
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
What are the equivalent units for materials for the month in the first processing department?
67. Lumb 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 200
Materials costs $2,800
Conversion costs $2,600
Percent complete with respect to materials 60%
Percent complete with respect to conversion 35%
Units started into production during the month 7,900
Units transferred to the next department during the month 7,400
Materials costs added during the month $166,000
Conversion costs added during the month $261,000
Ending work in process inventory:
Units in ending work in process inventory 700
Percent complete with respect to materials 85%
Percent complete with respect to conversion 45%
Note: Your answers may differ from those offered below due to rounding error. In all cases,
select the answer that is the closest to the answer you computed. To reduce rounding error, carry
out all computations to at least three decimal places.
The cost per equivalent unit for conversion costs for the first department for the month is closest
to:
