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113. Able Inc. uses the weighted-average method in its process costing system. The following
data concern the operations of the company’s first processing department for a recent month.
Work in process, beginning:
Units in process 300
Percent complete with respect to materials 60%
Percent complete with respect to conversion 30%
Costs in the beginning inventory:
Materials cost $342
Conversion cost $2,394
Units started into production during the month 21,000
Units completed and transferred out 20,700
Costs added to production during the month:
Materials cost $44,136
Conversion cost $546,750
Work in process, ending:
Units in process 600
Percent complete with respect to materials 80%
Percent complete with respect to conversion 30%
Required:
a. Determine the equivalent units of production.
b. Determine the costs per equivalent unit.
c. Determine the cost of ending work in process inventory.
d. Determine the cost of the units transferred to the next department.
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114. Kamp Company uses the weighted-average method in its process costing. Information
about units processed during a recent month in the Curing Department follow:
Units Conversion Percent Complete
Beginning work in process inventory 10,000 30%
Units started into production 150,000
Units completed and transferred out 140,000
Ending work in process inventory 20,000 40%
The beginning work in process inventory had $4,600 in conversion cost. During the month, the
Department incurred an additional $210,000 in conversion cost.
Required:
a. Determine the equivalent units of production for conversion for the month.
b. Determine the cost per equivalent unit of production for conversion for the month.
c. Determine the conversion cost assigned to the ending work in process inventory.
d. Determine the total conversion cost transferred out during the month.
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115. Gupta Inc. uses the weighted-average method in its process costing. The following data
concern the company’s Mixing Department for the month of December.
Materials Conversion
Work in process, December 1 $4,734 $1,251
Cost added to production in the Mixing Department during December
$227,190
$121,372
Equivalent units of production for December 8,785 8,575
Required:
Compute the cost per equivalent unit for materials and conversion for the Mixing Department in
December.
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116. Lafollette Inc. uses the weighted-average method in its process costing. The following
data concern the company’s Assembly Department for the month of November.
Materials Conversion
Work in process, November 1 $8,448 $9,000
Cost added to production in the Assembly Department during November
$143,792
$376,280
Equivalent units of production for November 8,800 8,600
Required:
Compute the costs per equivalent unit for the Assembly Department for November.
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117. Oleksy Corporation uses the weighted-average method in its process costing. The
following data concern the company’s Assembly Department for the month of June.
Materials Conversion
Cost per equivalent unit $26.90 $47.30
Equivalent units in ending work in process 700 560
During the month, 4,900 units were completed and transferred from the Assembly Department to
the next department.
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of
the department during June using the weighted-average method.
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118. Sydnor Inc. has provided the following data concerning the Assembly Department for the
month of April. The company uses the weighted-average method in its process costing.
Materials Conversion
Cost per equivalent unit $23.00 $31.30
Equivalent units in ending work in process 700 210
During the month, 7,000 units were completed and transferred from the Assembly Department to
the next department.
Required:
Determine the cost of ending work in process inventory and the cost of units transferred out of
the department during April using the weighted-average method.
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119. In December, one of the processing departments at Weisz Corporation had beginning
work in process inventory of $20,000 and ending work in process inventory of $14,000. During the
month, the cost of units transferred out from the department was $244,000.
Required:
Construct a cost reconciliation report for the department for the month of December.
120. In September, one of the processing departments at Farquer Corporation had beginning
work in process inventory of $34,000. During the month, $342,000 of costs were added to
production and the cost of units transferred out from the department was $357,000.
Required:
Construct a cost reconciliation report for the department for the month of September.
121. In July, one of the processing departments at Gulbranson Corporation had beginning work
in process inventory of $14,000 and ending work in process inventory of $18,000. During the
month, $165,000 of costs were added to production and the cost of units transferred out from the
department was $161,000.
Required:
Construct a cost reconciliation report for the department for the month of July.
122. A number of companies in different industries are listed below:
1. Synthetic rubber manufacturer
2. Contract printer that produces posters, books, and pamphlets to order
3. Dress manufacturer that makes clothing on contract for department stores
4. Aluminum refiner that makes aluminum ingots from bauxite ore
5. Asparagus cannery
6. Winery that produces a number of varietal wines
Required:
For each company, indicate whether the company is most likely to use job-order costing or
process costing.
123. Whether a company uses process costing or job-order costing depends on its industry. A
number of companies in different industries are listed below:
1. Contract printer that produces posters, books, and pamphlets to order
2. Asparagus cannery
3. Brick manufacturer
4. Contract oil drilling company
5. Custom boat builder
6. Flour mill
Required:
For each company, indicate whether the company is most likely to use job-order costing or
process costing.
124. Some companies use process costing and some use job-order costing. Which method a
company uses depends on its industry. A number of companies in different industries are listed
below:
1. Contract printer that produces posters, books, and pamphlets to order
2. Corn meal mill
3. Cattle feedlot that fattens cattle prior to slaughter
4. Shirt manufacturer that makes clothing on contract for department stores
5. Commercial photographer
Required:
For each company, indicate whether the company is most likely to use job-order costing or
process costing.