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%
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?
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?
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:
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%
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:
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:
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:
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:
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%
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:
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%
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:
42. 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 FIFO method is used, the equivalent units for conversion for October would be:
