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89. Carmon 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 $16,400 85%
Conversion costs $9,200 60%
A total of 7,900 units were started and 6,900 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs $171,500
Conversion costs $137,100
The ending inventory was 70% complete with respect to materials and 35% 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:
90. Carmon 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 $16,400 85%
Conversion costs $9,200 60%
A total of 7,900 units were started and 6,900 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs $171,500
Conversion costs $137,100
The ending inventory was 70% complete with respect to materials and 35% 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:
91. Barker Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 300 units.
The costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,400 85%
Conversion costs $4,900 55%
A total of 9,100 units were started and 8,700 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 $240,300
Conversion costs $242,400
The ending inventory was 85% complete with respect to materials and 20% 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.
How many units are in ending work in process inventory in the first processing department at the
end of the month?
92. Barker Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 300 units.
The costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,400 85%
Conversion costs $4,900 55%
A total of 9,100 units were started and 8,700 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 $240,300
Conversion costs $242,400
The ending inventory was 85% complete with respect to materials and 20% 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?
93. Barker Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 300 units.
The costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,400 85%
Conversion costs $4,900 55%
A total of 9,100 units were started and 8,700 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 $240,300
Conversion costs $242,400
The ending inventory was 85% complete with respect to materials and 20% 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:
94. Barker Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 300 units.
The costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,400 85%
Conversion costs $4,900 55%
A total of 9,100 units were started and 8,700 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 $240,300
Conversion costs $242,400
The ending inventory was 85% complete with respect to materials and 20% 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:
95. Barker Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 300 units.
The costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,400 85%
Conversion costs $4,900 55%
A total of 9,100 units were started and 8,700 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 $240,300
Conversion costs $242,400
The ending inventory was 85% complete with respect to materials and 20% 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:
96. Barker Corporation uses the weighted-average method in its process costing system.
This month, the beginning inventory in the first processing department consisted of 300 units.
The costs and percentage completion of these units in beginning inventory were:
Cost Percent Complete
Materials costs $7,400 85%
Conversion costs $4,900 55%
A total of 9,100 units were started and 8,700 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 $240,300
Conversion costs $242,400
The ending inventory was 85% complete with respect to materials and 20% 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:
97. Fulton 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 $7,800 65%
Conversion costs $7,600 35%
A total of 9,900 units were started and 8,900 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs $128,600
Conversion costs $220,800
The ending inventory was 70% complete with respect to materials and 60% 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:
98. Fulton 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 $7,800 65%
Conversion costs $7,600 35%
A total of 9,900 units were started and 8,900 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
Materials costs $128,600
Conversion costs $220,800
The ending inventory was 70% complete with respect to materials and 60% 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:
