95) Bistrol Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 800 units. The
costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
15,700
75%
Conversion costs
$
7,700
20%
A total of 8,400 units were started and 7,500 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
186,300
Conversion costs
329,800
The ending inventory was 70% complete with respect to materials and 60% 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) $68,067
B) $64,115
C) $74,801
D) $106,859
96) Annenbaum Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 400 units.
The costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,700
65%
Conversion costs
$
6,800
45%
A total of 6,500 units were started and 5,900 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
$
125,500
Conversion costs
$
207,000
The ending inventory was 50% complete with respect to materials and 35% complete with
respect to conversion costs.
What are the equivalent units for conversion costs for the month in the first processing
department?
A) 6,250
B) 5,900
C) 350
D) 6,900
97) Annenbaum Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 400 units.
The costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,700
65%
Conversion costs
$
6,800
45%
A total of 6,500 units were started and 5,900 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
$
125,500
Conversion costs
$
207,000
The ending inventory was 50% complete with respect to materials and 35% 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) $19.01
B) $19.61
C) $20.50
D) $18.19
98) Annenbaum Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 400 units.
The costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,700
65%
Conversion costs
$
6,800
45%
A total of 6,500 units were started and 5,900 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
$
125,500
Conversion costs
$
207,000
The ending inventory was 50% complete with respect to materials and 35% complete with
respect to conversion costs.
The cost per equivalent unit for conversion costs for the first department for the month is closest
to:
A) $30.99
B) $35.92
C) $33.12
D) $34.21
99) Annenbaum Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 400 units.
The costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,700
65%
Conversion costs
$
6,800
45%
A total of 6,500 units were started and 5,900 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
$
125,500
Conversion costs
$
207,000
The ending inventory was 50% complete with respect to materials and 35% 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) $332,500
B) $345,000
C) $322,777
D) $377,485
100) Annenbaum Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 400 units.
The costs and percentage completion of these units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$
5,700
65%
Conversion costs
$
6,800
45%
A total of 6,500 units were started and 5,900 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
$
125,500
Conversion costs
$
207,000
The ending inventory was 50% complete with respect to materials and 35% 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) $19,148
B) $22,223
C) $54,708
D) $27,354
101) Haffner 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
500
Materials costs
$
7,800
Conversion costs
$
9,100
Percent complete with respect to materials
85
%
Percent complete with respect to conversion
55
%
Units started into production during the month
7,000
Units transferred to the next department during the month
6,100
Materials costs added during the month
$
102,700
Conversion costs added during the month
$
184,000
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
50
%
What are the equivalent units for materials for the month in the first processing department?
A) 840
B) 6,940
C) 7,500
D) 6,100
Materials
Units transferred to the next department
6,100
Materials: 1,400 units × 60%
Equivalent units of production
6,940
102) Haffner 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
500
Materials costs
$
7,800
Conversion costs
$
9,100
Percent complete with respect to materials
85
%
Percent complete with respect to conversion
55
%
Units started into production during the month
7,000
Units transferred to the next department during the month
6,100
Materials costs added during the month
$
102,700
Conversion costs added during the month
$
184,000
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
50
%
What are the equivalent units for conversion costs for the month in the first processing
department?
A) 6,100
B) 700
C) 6,800
D) 7,500
Units transferred to the next department
6,100
Conversion: 1,400 units × 50%
Equivalent units of production
6,800
103) Haffner 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
500
Materials costs
$
7,800
Conversion costs
$
9,100
Percent complete with respect to materials
85
%
Percent complete with respect to conversion
55
%
Units started into production during the month
7,000
Units transferred to the next department during the month
6,100
Materials costs added during the month
$
102,700
Conversion costs added during the month
$
184,000
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
50
%
The cost per equivalent unit for materials for the month in the first processing department is
closest to:
A) $15.92
B) $14.80
C) $13.69
D) $14.73
104) Haffner 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
500
Materials costs
$
7,800
Conversion costs
$
9,100
Percent complete with respect to materials
85
%
Percent complete with respect to conversion
55
%
Units started into production during the month
7,000
Units transferred to the next department during the month
6,100
Materials costs added during the month
$
102,700
Conversion costs added during the month
$
184,000
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
50
%
The cost per equivalent unit for conversion costs for the first department for the month is closest
to:
A) $28.46
B) $25.80
C) $29.88
D) $27.12
105) Haffner 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
500
Materials costs
$
7,800
Conversion costs
$
9,100
Percent complete with respect to materials
85
%
Percent complete with respect to conversion
55
%
Units started into production during the month
7,000
Units transferred to the next department during the month
6,100
Materials costs added during the month
$
102,700
Conversion costs added during the month
$
184,000
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
50
%
The total cost transferred from the first processing department to the next processing department
during the month is closest to:
A) $304,000
B) $332,835
C) $270,706
D) $287,100