Chapter 04 – Process Costing
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Kramer 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.
Chapter 04 – Process Costing
74. The total cost transferred from the first processing department to the next processing
department during the month is closest to:
Chapter 04 – Process Costing
75. 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
Lothian 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.
76. What are the equivalent units for materials for the month in the first processing
department?
Chapter 04 – Process Costing
77. The cost per equivalent unit for conversion costs for the first department for the month is
closest to:
Chapter 04 – Process Costing
78. 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
Duhamel 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 7,800 units were started and 7,000 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 55% complete with respect to materials and 50% 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.
79. 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
80. What are the equivalent units for conversion costs for the month in the first processing
department?
Chapter 04 – Process Costing
81. The cost per equivalent unit for materials for the month in the first processing department
is closest to:
Chapter 04 – Process Costing
Ire 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.
82. What are the equivalent units for conversion costs for the month in the first processing
department?
Chapter 04 – Process Costing
83. The cost per equivalent unit for materials for the month in the first processing department
is closest to:
Chapter 04 – Process Costing
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Jaderston 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.
Chapter 04 – Process Costing
84. The cost per equivalent unit for materials for the month in the first processing department
is closest to:
Chapter 04 – Process Costing
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85. The cost per equivalent unit for conversion costs for the first department for the month is
closest to:
The information below was obtained from the records of the first processing department of
Moore Company for the month of May. The company uses the weighted-average method in
its process costing system.
All materials are added at the beginning of the process.
Chapter 04 – Process Costing
86. The equivalent units for materials for the month of May were:
87. The equivalent units for labor and overhead for the month of May were:
Chapter 04 – Process Costing
4-76
Nando Company uses the weighted-average method in its process costing system.
Department J is the second of three sequential processes at the company. During October,
Department J collected the following data:
All materials are added at the beginning of the process.
88. The total cost assigned to units transferred out during October was:
Chapter 04 – Process Costing
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89. The total cost assigned to ending work in process inventory was:
In January, one of the processing departments at Seidl Corporation had ending work in
process inventory of $35,000. During the month, $111,000 of costs were added to production
and the cost of units transferred out from the department was $86,000.
Chapter 04 – Process Costing
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90. In the department’s cost reconciliation report for January, the cost of beginning work in
process inventory for the department would be:
91. In the department’s cost reconciliation report for January, the total cost accounted for
would be:
In August, one of the processing departments at Knepp Corporation had beginning work in
process inventory of $17,000 and ending work in process inventory of $13,000. During the
month, $178,000 of costs were added to production.
Chapter 04 – Process Costing
92. In the department’s cost reconciliation report for August, the cost of units transferred out
of the department would be:
93. In the department’s cost reconciliation report for August, the total cost to be accounted for
would be: