4-216
4-217
87.
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.
How many units are in ending work in process inventory in the first processing
department at the end of the month?
4-218
4-219
88.
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.
What are the equivalent units for conversion costs for the month in the first processing
department?
4-220
4-221
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:
4-222
4-223
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:
4-224
4-225
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?
4-226
4-227
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?
4-228
4-229
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:
4-230
4-231
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:
4-232
4-233
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:
4-234
4-235
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: