4-176
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:
4-177
4-178
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:
4-179
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?
4-181
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?
4-183
4-184
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?
4-185
4-186
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?
4-187
4-188
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?
4-189
4-190
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?
4-191
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%
Units transferred to the next department
Ending work in process:
Equivalent units of production
Cost of beginning work in process inventory
Costs added during the period
Total cost (a)
Equivalent units of production (b)
4-193
4-194
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:
4-195