4-196
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:
4-197
4-198
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:
4-199
4-200
79.
Kuzuck 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
$4,800
Conversion costs
$2,200
Percent complete with respect to materials
80%
Percent complete with respect to conversion
35%
Units started into production during the month
9,400
Units transferred to the next department during the month
9,000
Materials costs added during the month
$255,500
Conversion costs added during the month
$280,700
Ending work in process inventory:
Units in ending work in process inventory
600
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 total cost transferred from the first processing department to the next processing
department during the month is closest to:
4-201
4-202
80.
Kuzuck 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
$4,800
Conversion costs
$2,200
Percent complete with respect to materials
80%
Percent complete with respect to conversion
35%
Units started into production during the month
9,400
Units transferred to the next department during the month
9,000
Materials costs added during the month
$255,500
Conversion costs added during the month
$280,700
Ending work in process inventory:
Units in ending work in process inventory
600
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 of ending work in process inventory in the first processing department according
to the company’s cost system is closest to:
4-203
4-204
81.
Hache 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
700
Materials costs
$8,000
Conversion costs
$7,800
Percent complete with respect to materials
50%
Percent complete with respect to conversion
35%
Units started into production during the month
5,200
Units transferred to the next department during the month
4,400
Materials costs added during the month
$90,300
Conversion costs added during the month
$125,600
Ending work in process inventory:
Units in ending work in process inventory
1,500
Percent complete with respect to materials
50%
Percent complete with respect to conversion
30%
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?
4-205
4-206
82.
Hache 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
700
Materials costs
$8,000
Conversion costs
$7,800
Percent complete with respect to materials
50%
Percent complete with respect to conversion
35%
Units started into production during the month
5,200
Units transferred to the next department during the month
4,400
Materials costs added during the month
$90,300
Conversion costs added during the month
$125,600
Ending work in process inventory:
Units in ending work in process inventory
1,500
Percent complete with respect to materials
50%
Percent complete with respect to conversion
30%
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?
4-207
4-208
83.
Hache 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
700
Materials
costs
$8,000
Conversion
costs
$7,800
Percent
complete
with respect
to materials
50%
Percent
complete
with respect
to
conversion
35%
Units
started into
production
during the
month
5,200
Units
transferred
to the next
department
during the
month
4,400
Materials
costs added
during the
$90,300
4-209
month
Conversion
costs added
during the
month
$125,600
Ending work
in process
inventory:
Units in
ending work
in process
inventory
1,500
Percent
complete
with respect
to materials
50%
Percent
complete
with respect
to
conversion
30%
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:
4-210
4-211
84.
Hache 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
700
Materials costs
$8,000
Conversion costs
$7,800
Percent complete with respect to materials
50%
Percent complete with respect to conversion
35%
Units started into production during the month
5,200
Units transferred to the next department during the month
4,400
Materials costs added during the month
$90,300
Conversion costs added during the month
$125,600
Ending work in process inventory:
Units in ending work in process inventory
1,500
Percent complete with respect to materials
50%
Percent complete with respect to conversion
30%
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:
4-212
4-213
85.
Hache 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
700
Materials costs
$8,000
Conversion costs
$7,800
Percent complete with respect to materials
50%
Percent complete with respect to conversion
35%
Units started into production during the month
5,200
Units transferred to the next department during the month
4,400
Materials costs added during the month
$90,300
Conversion costs added during the month
$125,600
Ending work in process inventory:
Units in ending work in process inventory
1,500
Percent complete with respect to materials
50%
Percent complete with respect to conversion
30%
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:
4-214
4-215
86.
Hache 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
700
Materials costs
$8,000
Conversion costs
$7,800
Percent complete with respect to materials
50%
Percent complete with respect to conversion
35%
Units started into production during the month
5,200
Units transferred to the next department during the month
4,400
Materials costs added during the month
$90,300
Conversion costs added during the month
$125,600
Ending work in process inventory:
Units in ending work in process inventory
1,500
Percent complete with respect to materials
50%
Percent complete with respect to conversion
30%
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: