4S-147
52.
Quilling 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
600
Materials costs
$5,400
Conversion costs
$2,200
Percent complete with respect to materials
65%
Percent complete with respect to conversion
10%
Units started into production during the month
8,100
Materials costs added during the month
$96,400
Conversion costs added during the month
$253,600
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
80%
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.
How many units were started AND completed during the month in the first processing
department?
4S-148
4S-149
53.
Quilling 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
600
Materials costs
$5,400
Conversion costs
$2,200
Percent complete with respect to materials
65%
Percent complete with respect to conversion
10%
Units started into production during the month
8,100
Materials costs added during the month
$96,400
Conversion costs added during the month
$253,600
Ending work in process inventory:
Units in ending work in process inventory
1,400
Percent complete with respect to materials
80%
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:
4S-150
4S-151
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?
4S-152
4S-153
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:
4S-154
4S-155
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?
4S-157
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?
4S-159
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:
4S-160
4S-161
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:
4S-163
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:
4S-166
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: