54. Nouri Corporation uses the FIFO 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 300
Materials costs $6,100
Conversion costs $700
Percent complete with respect to materials 70%
Percent complete with respect to conversion 15%
Units started into production during the month 7,300
Units transferred to the next department during the month 6,600
Materials costs added during the month $187,900
Conversion costs added during the month $97,800
Ending work in process inventory:
Units in ending work in process inventory 1,000
Percent complete with respect to materials 85%
Percent complete with respect to conversion 20%
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 materials for the month in the first processing department?
55. Nouri Corporation uses the FIFO 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 300
Materials costs $6,100
Conversion costs $700
Percent complete with respect to materials 70%
Percent complete with respect to conversion 15%
Units started into production during the month 7,300
Units transferred to the next department during the month 6,600
Materials costs added during the month $187,900
Conversion costs added during the month $97,800
Ending work in process inventory:
Units in ending work in process inventory 1,000
Percent complete with respect to materials 85%
Percent complete with respect to conversion 20%
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:
56. Muzyka Corporation uses the FIFO 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 300
Materials costs $5,900
Conversion costs $3,000
Percent complete with respect to materials 85%
Percent complete with respect to conversion 20%
Units started into production during the month 5,300
Units transferred to the next department during the month 4,800
Materials costs added during the month $105,900
Conversion costs added during the month $225,200
Ending work in process inventory:
Units in ending work in process inventory 800
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
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.
What are the equivalent units for materials for the month in the first processing department?
57. Muzyka Corporation uses the FIFO 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 300
Materials costs $5,900
Conversion costs $3,000
Percent complete with respect to materials 85%
Percent complete with respect to conversion 20%
Units started into production during the month 5,300
Units transferred to the next department during the month 4,800
Materials costs added during the month $105,900
Conversion costs added during the month $225,200
Ending work in process inventory:
Units in ending work in process inventory 800
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
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.
What are the equivalent units for conversion costs for the month in the first processing
department?
58. Muzyka Corporation uses the FIFO 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 300
Materials costs $5,900
Conversion costs $3,000
Percent complete with respect to materials 85%
Percent complete with respect to conversion 20%
Units started into production during the month 5,300
Units transferred to the next department during the month 4,800
Materials costs added during the month $105,900
Conversion costs added during the month $225,200
Ending work in process inventory:
Units in ending work in process inventory 800
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
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.
The cost per equivalent unit for materials for the month in the first processing department is
closest to:
59. Muzyka Corporation uses the FIFO 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 300
Materials costs $5,900
Conversion costs $3,000
Percent complete with respect to materials 85%
Percent complete with respect to conversion 20%
Units started into production during the month 5,300
Units transferred to the next department during the month 4,800
Materials costs added during the month $105,900
Conversion costs added during the month $225,200
Ending work in process inventory:
Units in ending work in process inventory 800
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
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.
The cost per equivalent unit for conversion costs for the first department for the month is closest
to:
60. Muzyka Corporation uses the FIFO 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 300
Materials costs $5,900
Conversion costs $3,000
Percent complete with respect to materials 85%
Percent complete with respect to conversion 20%
Units started into production during the month 5,300
Units transferred to the next department during the month 4,800
Materials costs added during the month $105,900
Conversion costs added during the month $225,200
Ending work in process inventory:
Units in ending work in process inventory 800
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
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.
The cost of a completed unit transferred out of the department is closest to:
61. Muzyka Corporation uses the FIFO 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 300
Materials costs $5,900
Conversion costs $3,000
Percent complete with respect to materials 85%
Percent complete with respect to conversion 20%
Units started into production during the month 5,300
Units transferred to the next department during the month 4,800
Materials costs added during the month $105,900
Conversion costs added during the month $225,200
Ending work in process inventory:
Units in ending work in process inventory 800
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
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.
The total cost transferred from the first processing department to the next processing
department during the month is closest to:
62. Muzyka Corporation uses the FIFO 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 300
Materials costs $5,900
Conversion costs $3,000
Percent complete with respect to materials 85%
Percent complete with respect to conversion 20%
Units started into production during the month 5,300
Units transferred to the next department during the month 4,800
Materials costs added during the month $105,900
Conversion costs added during the month $225,200
Ending work in process inventory:
Units in ending work in process inventory 800
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
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.
The cost of ending work in process inventory in the first processing department according to the
company’s cost system is closest to:
