106) 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 of ending work in process inventory in the first processing department according to the
company’s cost system is closest to:
A) $37,278
B) $33,294
C) $62,129
D) $31,065
107) Esty 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
$
5,800
50%
Conversion costs
$
6,500
30%
A total of 7,700 units were started and 6,600 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
$
85,300
Conversion costs
$
168,000
The ending inventory was 70% complete with respect to materials and 10% complete with
respect to conversion costs.
What are the equivalent units for conversion costs for the month in the first processing
department?
A) 6,790
B) 8,500
C) 6,600
D) 190
108) Esty 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
$
5,800
50%
Conversion costs
$
6,500
30%
A total of 7,700 units were started and 6,600 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
$
85,300
Conversion costs
$
168,000
The ending inventory was 70% complete with respect to materials and 10% 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) $10.76
B) $10.04
C) $10.72
D) $11.49
109) Esty 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
$
5,800
50%
Conversion costs
$
6,500
30%
A total of 7,700 units were started and 6,600 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
$
85,300
Conversion costs
$
168,000
The ending inventory was 70% complete with respect to materials and 10% 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) $253,300
B) $245,441
C) $316,098
D) $265,600
110) Kurtulus 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
600
Materials costs
$
7,000
Conversion costs
$
2,300
Percent complete with respect to materials
55
%
Percent complete with respect to conversion
25
%
Units started into production during the month
6,500
Units transferred to the next department during the month
5,700
Materials costs added during the month
$
110,100
Conversion costs added during the month
$
83,200
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
70
%
Percent complete with respect to conversion
55
%
The total cost transferred from the first processing department to the next processing department
during the month is closest to:
A) $202,600
B) $193,300
C) $175,246
D) $218,290
111) Kurtulus 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
600
Materials costs
$
7,000
Conversion costs
$
2,300
Percent complete with respect to materials
55
%
Percent complete with respect to conversion
25
%
Units started into production during the month
6,500
Units transferred to the next department during the month
5,700
Materials costs added during the month
$
110,100
Conversion costs added during the month
$
83,200
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
70
%
Percent complete with respect to conversion
55
%
The cost of ending work in process inventory in the first processing department according to the
company’s cost system is closest to:
A) $23,674
B) $43,043
C) $30,130
D) $27,355
112) Bettie Corporation uses a weighted-average process costing system to collect costs related
to production. The following selected information relates to production for October:
Materials
Conversion
Units transferred to the next department
50,000
50,000
Equivalent units: work in process, October 31
10,000
4,000
Total equivalent units
60,000
54,000
Materials
Conversion
Costs in work in process on October 1
$
9,000
$
5,400
Costs added to production during October
243,000
513,000
Total cost
$
252,000
$
518,400
All materials at Bettie are added at the beginning of the production process.
What total amount of cost should be assigned to the units completed and transferred out during
October?
A) $642,000
B) $677,500
C) $690,000
D) $691,900
113) Bettie Corporation uses a weighted-average process costing system to collect costs related
to production. The following selected information relates to production for October:
Materials
Conversion
Units transferred to the next department
50,000
50,000
Equivalent units: work in process, October 31
10,000
4,000
Total equivalent units
60,000
54,000
Materials
Conversion
Costs in work in process on October 1
$
9,000
$
5,400
Costs added to production during October
243,000
513,000
Total cost
$
252,000
$
518,400
All materials at Bettie are added at the beginning of the production process.
What total amount of cost should be assigned to the units in work in process on October 31?
A) $ 78,500
B) $ 80,400
C) $135,500
D) $138,000
114) In June, one of the processing departments at Furbush Corporation had ending work in
process inventory of $12,000. During the month, $404,000 of costs were added to production and
the cost of units transferred out from the department was $426,000.
In the department’s cost reconciliation report for January, the cost of beginning work in process
inventory for the department would be:
A) $34,000
B) $414,000
C) $10,000
D) $392,000
115) In June, one of the processing departments at Furbush Corporation had ending work in
process inventory of $12,000. During the month, $404,000 of costs were added to production and
the cost of units transferred out from the department was $426,000.
In the department’s cost reconciliation report for June, the total cost accounted for would be:
A) $876,000
B) $46,000
C) $842,000
D) $438,000
116) In August, one of the processing departments at Tsuzuki Corporation had beginning work
in process inventory of $24,000 and ending work in process inventory of $13,000. During the
month, $283,000 of costs were added to production.
In the department’s cost reconciliation report for August, the cost of units transferred out of the
department would be:
A) $294,000
B) $307,000
C) $281,000
D) $270,000
117) In August, one of the processing departments at Tsuzuki Corporation had beginning work
in process inventory of $24,000 and ending work in process inventory of $13,000. During the
month, $283,000 of costs were added to production.
In the department’s cost reconciliation report for August, the total cost to be accounted for would
be:
A) $37,000
B) $307,000
C) $590,000
D) $614,000
140
118) During August, the following transactions were recorded at Goyer Corporation. The
company uses process costing.
(1) Raw materials that cost $24,500 are withdrawn from the storeroom for use in the
Assembly Department. All of these raw materials are classified as direct materials.
(2) Direct labor costs of $29,000 are incurred, but not yet paid, in the Assembly
Department.
(3) Manufacturing overhead of $58,900 is applied in the Assembly Department using the
department’s predetermined overhead rate.
(4) Units with a carrying cost of $101,200 finish processing in the Assembly Department
and are transferred to the Painting Department for further processing.
(5) Units with a carrying cost of $106,100 finish processing in the Painting Department,
the final step in the production process, and are transferred to the finished goods
warehouse.
(6) Finished goods with a carrying cost of $95,100 are sold.
Required:
Prepare journal entries for each of the transactions listed above.