Chapter 04 – Process Costing
34. The Gasson Company uses the weighted-average method in its process costing system.
The company’s ending work in process inventory consists of 10,000 units, 100% complete
with respect to materials and 70% complete with respect to labor and overhead. If the costs
per equivalent unit are $4.50 for the materials and $2.00 for labor and overhead, the balance
of the ending work in process inventory account would be:
Chapter 04 – Process Costing
35. Ravalt Corporation uses the weighted-average method in its process costing system. The
Molding Department is the second department in its production process. The data below
summarize the department’s operations in January.
The Molding Department’s cost per equivalent unit for conversion cost for January was $7.90.
How much conversion cost was assigned to the ending work in process inventory in the
Molding Department for January?
Chapter 04 – Process Costing
36. In February, one of the processing departments at Carpentier Corporation had beginning
work in process inventory of $14,000 and ending work in process inventory of $29,000.
During the month, $148,000 of costs were added to production and the cost of units
transferred out from the department was $133,000. In the department’s cost reconciliation
report for February, the total cost to be accounted for would be:
Chapter 04 – Process Costing
4-24
37. In February, one of the processing departments at Whisenhunt Corporation had beginning
work in process inventory of $35,000 and ending work in process inventory of $11,000.
During the month, the cost of units transferred out from the department was $410,000. In the
department’s cost reconciliation report for February, the total cost to be accounted for would
be:
Jumper Company uses the weighted-average method in its process costing system. The
following data pertain to operations in the first processing department for a recent month:
Chapter 04 – Process Costing
38. How many units were in the ending work in process inventory?
39. What was the cost per equivalent unit for conversion cost?
Chapter 04 – Process Costing
40. How much cost, in total, was transferred to the next department during the month?
Chapter 04 – Process Costing
4-27
Atwich Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 600 units. The
costs and percentage completion of these units in beginning inventory were:
A total of 5,100 units were started and 4,400 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
The ending inventory was 75% complete with respect to materials and 10% complete with
respect to conversion costs.
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.
Chapter 04 – Process Costing
41. What are the equivalent units for conversion costs for the month in the first processing
department?
Chapter 04 – Process Costing
42. The cost per equivalent unit for materials for the month in the first processing department
is closest to:
Chapter 04 – Process Costing
43. The cost per equivalent unit for conversion costs for the first department for the month is
closest to:
Chapter 04 – Process Costing
44. The total cost transferred from the first processing department to the next processing
department during the month is closest to:
Chapter 04 – Process Costing
45. The cost of ending work in process inventory in the first processing department according
to the company’s cost system is closest to:
Chapter 04 – Process Costing
Byklea Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 200 units. The
costs and percentage completion of these units in beginning inventory were:
A total of 7,000 units were started and 6,700 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
The ending inventory was 90% complete with respect to materials and 45% complete with
respect to conversion costs.
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.
46. How many units are in ending work in process inventory in the first processing
department at the end of the month?
Chapter 04 – Process Costing
47. What are the equivalent units for conversion costs for the month in the first processing
department?
Chapter 04 – Process Costing
48. The cost per equivalent unit for materials for the month in the first processing department
is closest to:
Chapter 04 – Process Costing
49. The cost per equivalent unit for conversion costs for the first department for the month is
closest to:
50. The total cost transferred from the first processing department to the next processing
department during the month is closest to:
Chapter 04 – Process Costing
51. The cost of ending work in process inventory in the first processing department according
to the company’s cost system is closest to:
Chapter 04 – Process Costing
Chae Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 500 units. The
costs and percentage completion of these units in beginning inventory were:
A total of 8,100 units were started and 7,500 units were transferred to the second processing
department during the month. The following costs were incurred in the first processing
department during the month:
The ending inventory was 80% complete with respect to materials and 75% complete with
respect to conversion costs.
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.
52. How many units are in ending work in process inventory in the first processing
department at the end of the month?
Chapter 04 – Process Costing
53. What are the equivalent units for conversion costs for the month in the first processing
department?