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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?
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:
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:
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:
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:
4S-110
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.
4S-112
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.
4S-114
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-116
71. The following data pertain to the Milling Department of Vario Corporation for July. The
company uses the FIFO method in its process costing.
Percent Complete
Units Materials Conversion
Work in process, July 1 800 60% 25%
Units started into production during July 9,400
Units completed during July and transferred to the next department 8,400
Work in process, July 31 1,800 85% 75%
Required:
Compute the equivalent units of production for both materials and conversion costs for the
Milling Department for July using the FIFO method.
4S-118
72. Voyer Corporation uses the FIFO method in its process costing. The following data
pertain to its Assembly Department for August.
Percent Complete
Units Materials Conversion
Work in process, August 1 700 70% 30%
Units started into production during August 6,900
Units completed during August and transferred to the next department 5,900
Work in process, August 31 1,700 50% 25%
Required:
Compute the equivalent units of production for both materials and conversion costs for the
Assembly Department for August using the FIFO method.
4S-120
73. Farwest Inc. uses the FIFO method in its process costing system. The following data
concern the operations of the company's first processing department for a recent month.
Work in process, beginning:
Units in process 800
Percent complete with respect to materials 70%
Percent complete with respect to conversion 50%
Units started into production during the month 22,000
Work in process, ending:
Units in process 300
Percent complete with respect to materials 80%
Percent complete with respect to conversion 70%
Required:
Using the FIFO method, determine the equivalent units of production for materials and
conversion costs.
