68. 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 of ending work in process inventory in the first processing department according to the
company’s cost system is closest to:
69. Yoder 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 40,000
Percent complete with respect to materials 70%
Percent complete with respect to conversion 60%
Costs in the beginning inventory:
Materials cost $8,600
Conversion cost $4,800
Units started into production during the month 750,000
Units completed and transferred out during the month ?
Costs added to production during the month:
Materials cost $223,000
Conversion cost $149,000
Work in process, ending:
Units in process 30,000
Percent complete with respect to materials 40%
Percent complete with respect to conversion 30%
How many units were completed and transferred to the next department during the month?
70. Yoder 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 40,000
Percent complete with respect to materials 70%
Percent complete with respect to conversion 60%
Costs in the beginning inventory:
Materials cost $8,600
Conversion cost $4,800
Units started into production during the month 750,000
Units completed and transferred out during the month ?
Costs added to production during the month:
Materials cost $223,000
Conversion cost $149,000
Work in process, ending:
Units in process 30,000
Percent complete with respect to materials 40%
Percent complete with respect to conversion 30%
What was the cost per equivalent unit for materials during the month?
71. Yoder 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 40,000
Percent complete with respect to materials 70%
Percent complete with respect to conversion 60%
Costs in the beginning inventory:
Materials cost $8,600
Conversion cost $4,800
Units started into production during the month 750,000
Units completed and transferred out during the month ?
Costs added to production during the month:
Materials cost $223,000
Conversion cost $149,000
Work in process, ending:
Units in process 30,000
Percent complete with respect to materials 40%
Percent complete with respect to conversion 30%
How much cost, in total, was assigned to the ending work in process inventory?
72. Guo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 500 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,300 55%
Conversion costs $2,100 10%
A total of 9,700 units were started and 9,100 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 $237,800
Conversion costs $376,400
The ending inventory was 85% complete with respect to materials and 75% 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 three decimal places.
How many units are in ending work in process inventory in the first processing department at the
end of the month?
73. Guo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 500 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,300 55%
Conversion costs $2,100 10%
A total of 9,700 units were started and 9,100 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 $237,800
Conversion costs $376,400
The ending inventory was 85% complete with respect to materials and 75% 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 three decimal places.
What are the equivalent units for materials for the month in the first processing department?
74. Guo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 500 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,300 55%
Conversion costs $2,100 10%
A total of 9,700 units were started and 9,100 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 $237,800
Conversion costs $376,400
The ending inventory was 85% complete with respect to materials and 75% 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 three decimal places.
What are the equivalent units for conversion costs for the month in the first processing
department?
75. Guo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 500 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,300 55%
Conversion costs $2,100 10%
76. Guo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 500 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,300 55%
Conversion costs $2,100 10%
A total of 9,700 units were started and 9,100 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 $237,800
Conversion costs $376,400
The ending inventory was 85% complete with respect to materials and 75% 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 three decimal places.
The cost per equivalent unit for conversion costs for the first department for the month is closest
to:
77. Guo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 500 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,300 55%
Conversion costs $2,100 10%
A total of 9,700 units were started and 9,100 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 $237,800
Conversion costs $376,400
The ending inventory was 85% complete with respect to materials and 75% 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 three decimal places.
The total cost transferred from the first processing department to the next processing
department during the month is closest to:
78. Guo Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 500 units. The
costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,300 55%
Conversion costs $2,100 10%
A total of 9,700 units were started and 9,100 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 $237,800
Conversion costs $376,400
The ending inventory was 85% complete with respect to materials and 75% 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 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:
