4-156
57.
Ibarra 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
$7,700
Conversion costs
$3,500
Percent complete with respect to
materials
60%
Percent complete with respect to
conversion
10%
Units started into production during
the month
7,800
Units transferred to the next
department during the month
6,800
Materials costs added during the
month
$101,100
Conversion costs added during the
month
$271,100
Ending work in process inventory:
Units in ending work in process
inventory
1,800
Percent complete with respect to
materials
80%
Percent complete with respect to
conversion
15%
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:
4-157
4-158
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?
4-159
4-160
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
Units transferred to the next department
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:
4-161
4-162
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
Units transferred to the next department
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:
4-163
4-164
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?
4-165
4-166
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:
4-167
4-168
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:
4-169
4-170
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:
4-171
4-172
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:
4-173
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?
4-175