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4S-167
4S-168
4S-169
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:
4S-170
4S-171
4S-172
63.
Pushkin 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
200
Materials costs
$3,600
Conversion costs
$1,300
Percent complete with respect to materials
80%
Percent complete with respect to conversion
15%
Units started into production during the month
8,500
Units transferred to the next department during
the month
7,900
Materials costs added during the month
$168,700
Conversion costs added during the month
$337,100
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
30%
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-173
4S-174
64.
Pushkin 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
200
Materials costs
$3,600
Conversion costs
$1,300
Percent complete with respect to materials
80%
Percent complete with respect to conversion
15%
Units started into production during the month
8,500
Units transferred to the next department during
the month
7,900
Materials costs added during the month
$168,700
Conversion costs added during the month
$337,100
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
30%
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-175
4S-176
65.
Pushkin 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
200
Materials costs
$3,600
Conversion costs
$1,300
Percent complete with respect to materials
80%
Percent complete with respect to conversion
15%
Units started into production during the month
8,500
Units transferred to the next department during
the month
7,900
Materials costs added during the month
$168,700
Conversion costs added during the month
$337,100
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
30%
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 total cost transferred from the first processing department to the next processing
department during the month is closest to:
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4S-179
66.
In April, one of the processing departments at Salatino Corporation had beginning work in
process inventory of $27,000 and ending work in process inventory of $36,000. During the
month, the cost of units transferred out from the department was $261,000. The company
uses the FIFO method in its process costing system.
In the department's cost reconciliation report for April, the costs added to production in
the department would be:
4S-180
67.
In April, one of the processing departments at Salatino Corporation had beginning work in
process inventory of $27,000 and ending work in process inventory of $36,000. During the
month, the cost of units transferred out from the department was $261,000. The company
uses the FIFO method in its process costing system.
In the department's cost reconciliation report for April, the total cost accounted for would
be:
Essay Questions
4S-181
68.
Sharp Company has a process costing system. The following data relate to the company's
Mixing Department for a recent month:
Units
Conversion Percent Complete
Beginning work in process inventory
4,000
70%
Units started into production
30,000
Units completed and transferred out
29,000
Ending work in process inventory
5,000
30%
All materials are added at the beginning of the Mixing process.
Required:
a. Compute the equivalent units of production for materials and conversion using the
weighted-average method.
b. Compute the equivalent units of production for materials and conversion using the
FIFO method.
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4S-183
69.
The following data have been provided by Felux Corporation for the Circuit Prep
Department. The company uses the FIFO method in its process costing.
Units in process, August 1: materials 70% complete, conversion 15% complete
700
Units started into production during August
7,500
Units started and completed during August
5,700
Units completed and transferred to the next department during August
6,400
Units in process, August 31: materials 90% complete, conversion 30% complete
1,800
Required:
Determine the equivalent units of production for the Circuit Prep Department for August
using the FIFO method.
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4S-185
70.
Toefield Corporation uses the FIFO method in its process costing. The following data
pertain to its Assembly Department for June.
Units in process, June 1: materials 60% complete, conversion 15% complete
800
Units started into production during June
7,600
Units completed and transferred to the next department
6,500
Units in process, June 30: materials 70% complete, conversion 45% complete
1,900
Required:
Determine the equivalent units of production for the Assembly Department for June using
the FIFO method.
4S-186
