Chapter 04 – Process Costing
54. The cost per equivalent unit for materials for the month in the first processing department
is closest to:
Chapter 04 – Process Costing
55. The total cost transferred from the first processing department to the next processing
department during the month is closest to:
Chapter 04 – Process Costing
Epstein Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 400 units. The
costs and percentage completion of these units in beginning inventory were:
A total of 7,000 units were started and 6,500 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 85% 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.
56. What are the equivalent units for conversion costs for the month in the first processing
department?
57. The cost per equivalent unit for materials for the month in the first processing department
is closest to:
Chapter 04 – Process Costing
58. The total cost transferred from the first processing department to the next processing
department during the month is closest to:
Chapter 04 – Process Costing
4-46
Froment 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 7,900 units were started and 7,400 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 65% complete with respect to materials and 25% 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.
59. The total cost transferred from the first processing department to the next processing
department during the month is closest to:
Chapter 04 – Process Costing
60. 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
Grosseiller Corporation uses the weighted-average method in its process costing system. This
month, the beginning inventory in the first processing department consisted of 900 units. The
costs and percentage completion of these units in beginning inventory were:
A total of 6,400 units were started and 5,200 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 65% complete with respect to materials and 15% 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.
61. 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
62. What are the equivalent units for materials for the month in the first processing
department?
63. What are the equivalent units for conversion costs for the month in the first processing
department?
Chapter 04 – Process Costing
64. The cost per equivalent unit for materials for the month in the first processing department
is closest to:
Chapter 04 – Process Costing
65. The cost per equivalent unit for conversion costs for the first department for the month is
closest to:
Chapter 04 – Process Costing
66. The total cost transferred from the first processing department to the next processing
department during the month is closest to:
Chapter 04 – Process Costing
67. 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
Heller Corporation uses the weighted-average method in its process costing system. Data
concerning the first processing department for the most recent month are listed below:
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.
68. What are the equivalent units for materials for the month in the first processing
department?
Chapter 04 – Process Costing
69. What are the equivalent units for conversion costs for the month in the first processing
department?
Chapter 04 – Process Costing
70. The cost per equivalent unit for materials for the month in the first processing department
is closest to:
Chapter 04 – Process Costing
71. The cost per equivalent unit for conversion costs for the first department for the month is
closest to:
Chapter 04 – Process Costing
72. The total cost transferred from the first processing department to the next processing
department during the month is closest to:
Chapter 04 – Process Costing
73. The cost of ending work in process inventory in the first processing department according
to the company’s cost system is closest to: