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4S-107
4S-108
32.
Information about units processed and processing costs incurred during a recent month in
the Refining Department of a manufacturing company follow:
Number of
Units
Percent Completion Conversion
Costs
Beginning work in process
inventory
11,000
35%
Units started into production
120,000
Units completed and transferred
out
114,000
Ending work in process inventory
17,000
30%
Units transferred to the next department
Ending work in process inventory:
Equivalent units of production
4S-109
4S-110
33.
Information about units processed and processing costs incurred during a recent month in
the Refining Department of a manufacturing company follow:
Number of
Units
Percent Completion Conversion
Costs
Beginning work in process
inventory
11,000
35%
Units started into production
120,000
Units completed and transferred
out
114,000
Ending work in process inventory
17,000
30%
To complete beginning work in process
The beginning work in process inventory included $11,000 of conversion cost. During the
month, the Department incurred an additional $290,000 in conversion costs.
Assuming that the company uses the FIFO method, what are the equivalent units for
conversion costs for the Blending Department for the month?
4S-111
4S-112
34.
Information about units processed and processing costs incurred during a recent month in
the Refining Department of a manufacturing company follow:
Number of
Units
Percent Completion Conversion
Costs
Beginning work in process
inventory
11,000
35%
Units started into production
120,000
Units completed and transferred
out
114,000
Ending work in process inventory
17,000
30%
The beginning work in process inventory included $11,000 of conversion cost. During the
month, the Department incurred an additional $290,000 in conversion costs.
Assuming that the company uses the FIFO method, what is the cost per equivalent unit
for conversion costs for the month in the Blending Department to the nearest cent?
To complete beginning work in process
inventory:
4S-113
4S-114
35.
The following data relate to the Blending Department of Tru-Color Paint Corporation for a
recent month:
Units
Percent Complete Conversion
Beginning work in process inventory
9,000
60%
Units started into production
45,000
Units completed and transferred out
46,000
Ending work in process inventory
8,000
25%
All materials are added prior to the beginning of work in the Blending Department.
Assuming that Tru-Color Paint Corporation uses the FIFO method, the equivalent units for
materials would be:
To complete beginning work in process inventory:
Units started and completed (46,000 – 9,000)
Ending work in process inventory:
4S-115
4S-116
36.
The following data relate to the Blending Department of Tru-Color Paint Corporation for a
recent month:
Units
Percent Complete Conversion
Beginning work in process inventory
9,000
60%
Units started into production
45,000
Units completed and transferred out
46,000
Ending work in process inventory
8,000
25%
To complete beginning work in process inventory:
Ending work in process inventory:
All materials are added prior to the beginning of work in the Blending Department.
Assuming Tru-Color Paint Corporation uses the FIFO method, the equivalent units for
conversion costs would be:
4S-117
4S-118
37.
The following data relate to the Blending Department of Tru-Color Paint Corporation for a
recent month:
Units
Percent Complete Conversion
Beginning work in process inventory
9,000
60%
Units started into production
45,000
Units completed and transferred out
46,000
Ending work in process inventory
8,000
25%
All materials are added prior to the beginning of work in the Blending Department.
Assuming that Tru-Color Paint Corporation uses the weighted-average method, the
equivalent units for materials would be:
Ending work in process inventory:
Equivalent units of production
4S-119
4S-120
38.
The following data relate to the Blending Department of Tru-Color Paint Corporation for a
recent month:
Units
Percent Complete Conversion
Beginning work in process inventory
9,000
60%
Units started into production
45,000
Units completed and transferred out
46,000
Ending work in process inventory
8,000
25%
All materials are added prior to the beginning of work in the Blending Department.
Assuming that Tru-Color Paint Corporation uses the weighted-average method, the
equivalent units for conversion costs would be:
Ending work in process inventory:
Equivalent units of production
4S-121
4S-122
39.
Higgins Labs Inc., uses a process costing system. The following data are available for one
department for October:
Percent
Complete
Units
Materials
Conversion
Work in process, beginning
10,000
60%
30%
Work in process, ending
5,000
80%
70%
The department started 45,000 units into production during the month and completed and
transferred 50,000 units to the next department.
Assuming the weighted-average method is used, the equivalent units for material for
October would be:
Materials
Conversion
Ending work in process inventory:
Equivalent units of production
4S-123
4S-124
40.
Higgins Labs Inc., uses a process costing system. The following data are available for one
department for October:
Percent
Complete
Units
Materials
Conversion
Work in process, beginning
10,000
60%
30%
Work in process, ending
5,000
80%
70%
Materials
Conversion
Ending work in process inventory:
Equivalent units of production
The department started 45,000 units into production during the month and completed and
transferred 50,000 units to the next department.
Assuming the weighted-average method is used, the equivalent units for conversion for
October would be:
4S-125
4S-126
41.
Higgins Labs Inc., uses a process costing system. The following data are available for one
department for October:
Percent
Complete
Units
Materials
Conversion
Work in process, beginning
10,000
60%
30%
Work in process, ending
5,000
80%
70%
Materials
Conversion
To complete beginning work in process inventory:
Units started and completed (50,000 – 10,000)
Ending work in process inventory:
The department started 45,000 units into production during the month and completed and
transferred 50,000 units to the next department.
Assuming the FIFO method is used, the equivalent units for material for October would
be:
