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8-161
144.
Production and cost data for the month of February for Process A of the Packer
manufacturing Company follow:
Units in process, February 1
(100% complete with respect to
materials;
25% complete with respect to
conversion cost)
2,000
New units started in process
8,000
Units completed
7,000
Units in process, February 28
(100% complete with respect to
materials;
1/3 complete with respect to
conversion cost)
3,000
Work-in-process inventory, February 1:
Materials
$600
Conversion
$100
Costs incurred in February:
Materials issued
$2,560
Conversion
$1,500
The company uses the weighted-average cost method in its process costing system.
Required:
a. Calculate the equivalent units and cost per equivalent unit for February for materials
and for conversion costs. (Carry calculations out to the nearest tenth of a cent.)
b. Determine the cost transferred to finished goods.
c. Determine the amount of cost that should be assigned to the ending work-in-process.
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145.
Tiny Villages Inc. uses the weighted-average method in its process costing system. The
following data concern the operations of the company's first processing department -
Extruding - for a recent month.
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Work-in-process, beginning:
Units in process
300
Percent complete with respect to
materials
80%
Percent complete with respect to
conversion
70%
Costs in the beginning inventory:
Materials cost
$1,368
Conversion cost
$8,064
Units started into production during the
month
11,000
Units completed and transferred out
11,000
Costs added to production during the
month:
Materials cost
$64,948
Conversion cost
$412,179
Work-in-process, ending:
Units in process
300
Percent complete with respect to
materials
80%
Percent complete with respect to
conversion
10%
Required:
a. Determine the equivalent units of production.
b. Determine the costs per equivalent unit.
c. Determine the cost of ending work-in-process inventory.
d. Determine the cost of the units transferred to the next department.
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146.
Paradise Inc. uses the weighted-average method in its process costing system. The
following data concern the operations of the company's first processing department -
Cutting - for a recent month.
Work-in-process, beginning:
Units in process
100
Percent complete with respect to
materials
70%
Percent complete with respect to
conversion
80%
Costs in the beginning inventory:
Materials cost
$525
Conversion cost
$1,696
Units started into production during the
month
11,000
Units completed and transferred out
10,700
Costs added to production during the
month:
Materials cost
$83,405
Conversion cost
$223,606
Work-in-process, ending:
Units in process
400
Percent complete with respect to
materials
50%
Percent complete with respect to
conversion
20%
Required:
Using the weighted-average 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 units transferred out of the department during the month.
147.
In October, one of the processing departments at Radiance Corporation had beginning
work-in-process inventory of $29,000 and ending work-in-process inventory of $23,000.
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.
148.
In May, one of the processing departments at Patton Corporation had beginning work-in-
process inventory of $31,000. During the month, $369,000 of costs were added to
production and the cost of units transferred out from the department was $368,000.
Required:
Construct a cost reconciliation report for the department for the month of March.
149.
Dickerson Company uses a process costing system. The following information relates to
one month's activity in the company's Mixing Department.
Units
Conversion
Percent Complete
Beginning work-in-
process inventory
10,000
20%
Units started
21,000
Units completed and
transferred out
26,000
Ending work-in-
process inventory
5,000
80%
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