144. In November, one of the processing departments at Shelp Corporation had beginning
work-in-process inventory of $27,000 and ending work–in-process inventory of $21,000. During
the month, the cost of units transferred out from the department was $311,000.
Required:
Construct a cost reconciliation report for the department for the month of November.
145. In March, one of the processing departments at Perrill Corporation had beginning work–in–
process inventory of $31,000. During the month, $368,000 of costs were added to production and
the cost of units transferred out from the department was $367,000.
Required:
Construct a cost reconciliation report for the department for the month of March.
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146. Dita Company uses a process costing system. The following information relates to one
month’s activity in the company’s Curing Department.
The conversion cost of the beginning inventory was $6,500. During the month, $112,000 in
additional conversion cost was incurred.
Required:
a. Assume that the company uses the FIFO method. Compute:
1. The equivalent units of production for conversion for the month.
2. The cost per equivalent unit for conversion for the month.
3. The total cost transferred out during the month.
4. The cost assigned to the ending work-in-process inventory.
b. Assume that the company uses the weighted-average cost method. Compute:
1. The equivalent units of production for conversion for the month.
2. The cost per equivalent unit for conversion for the month.
3. The total cost transferred out during the month.
4. The cost assigned to the ending work–in-process inventory.
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147. Dana 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.
Required:
Using the FIFO method:
a. Determine the equivalent units of production for materials and conversion costs.
b. Determine the cost per equivalent unit for materials and conversion costs.
c. Determine the cost of ending work–in-process inventory.
d. Determine the cost of units transferred out of the department during the month.
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148. Ermoin 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.
Required:
Using the FIFO method:
a. Determine the equivalent units of production for materials and conversion costs.
b. Determine the cost per equivalent unit for materials and conversion costs.
c. Determine the cost of ending work–in-process inventory.
d. Determine the cost of units transferred out of the department during the month.
149. Dung Corporation uses the FIFO method in its process costing system. The following data
concern the company’s Assembly Department for the month of August.
Required:
Determine the cost of ending work–in-process inventory and the cost of units transferred out of
the department during August using the FIFO method.
150. The following data has been provided by Palafox Inc., a company that uses the FIFO
method in its process costing system. The data concern the company’s Shaping Department for
the month of March.
Required:
Determine the cost of ending work–in-process inventory and the cost of the units transferred out
of the department during March using the FIFO method.