92. Figure 6-7
Edelstein Company had the following data for 2014:
Units in process at the beginning of the month
4,000
Units in process at the end of the month
10,000
Units started during the month
40,000
Materials are added at the beginning of the process. Beginning work in process was 40 percent complete as to conversion. Ending work in process
was 70 percent complete as to conversion.
Refer to Figure 6-7. How many equivalent units for materials would there be using the FIFO method?
93. The unit-costing method that excludes prior-period work and costs in computing current-period unit work
and costs is called:
94. Unit cost of materials for a department using the FIFO method of process costing is found by taking the
total cost of materials issued to the department during the year divided by
95. Figure 6-8
Thunder Roads Enterprises makes the following information available:
Units in process at the beginning of the month
2,000
Units in process at the end of the month
4,000
Units started during the month
30,000
Materials are added at the beginning of the process.
Refer to Figure 6-8. Beginning and ending units were 60 percent complete as to conversion costs. What is the number of units started and
completed?
96. Figure 6-8
Thunder Roads Enterprises makes the following information available:
Units in process at the beginning of the month
2,000
Units in process at the end of the month
4,000
Units started during the month
30,000
Materials are added at the beginning of the process.
Refer to Figure 6-8. Beginning and ending units were 60 percent converted. How many equivalent units for materials would there be using the FIFO
method?
97. Figure 6-9
Anzalone Corporation adds raw materials to production at the beginning of the process in the Assembly
Department. Materials data for this department for May 2014 are as follows:
Costs
Units
Materials
Work in process, May 1
25,000
$ 68,750
Started during May
100,000
300,000
Work in process, May 31
10,000
Beginning inventory was 70 percent complete. Ending inventory was 40 percent complete.
Refer to Figure 6-9. How many equivalent units for materials would there be for Anzalone Corporation in May using the FIFO method?
98. Figure 6-9
Anzalone Corporation adds raw materials to production at the beginning of the process in the Assembly
Department. Materials data for this department for May 2014 are as follows:
Costs
Units
Materials
Work in process, May 1
25,000
$ 68,750
Started during May
100,000
300,000
Work in process, May 31
10,000
Beginning inventory was 70 percent complete. Ending inventory was 40 percent complete.
Refer to Figure 6-9. How many equivalent units for conversion costs would there be for Anzalone Corporation in May using the FIFO method?
99. If beginning inventory contained 3,000 units of product that were judged to be 60 percent complete as to
labor, the equivalent units of production for labor during the current period under the FIFO method for these
3,000 units are
100. Layla Company began making mascara in November 2014 using a single-step process. Layla incurred
$42,000 for materials and $48,640 for conversion during the month. There were 21,000 cases of mascara started
in November and 3,000 cases unfinished (40 percent complete) at the end of the period. All materials were
added at the beginning of the production process.
What is the unit cost for materials for Layla using the FIFO method?
101. Figure 6-10
Julius Corporation’s mixing department began January 2014 with 10,000 gallons of product (40 percent
completed) in process. During January, Julius started 100,000 gallons of new product, of which 15,000 gallons
remained in ending inventory (70 percent completed).
Refer to Figure 6-10. If materials were added at the beginning of the process, how many equivalent units of
production for conversion costs would there be for Julius using the FIFO costing method?
102. Figure 6-10
Julius Corporation’s mixing department began January 2014 with 10,000 gallons of product (40 percent
completed) in process. During January, Julius started 100,000 gallons of new product, of which 15,000 gallons
remained in ending inventory (70 percent completed).
Refer to Figure 6-10. If materials were added when the units are 50 percent complete, how many equivalent
units of production for materials would there be for Julius Corporation using the FIFO costing method?
103. The following information pertains to the Springfield Company:
Units
Work-in-process inventory, June 1 (30% complete)
20,000
Units transferred in
50,000
Work-in-process inventory, June 30 (60% complete)
16,000
Materials are added at the start of the process.
How many equivalent units for conversion costs would there be using the FIFO method?
104. Figure 6-11
Rawlings, Inc. manufactures a product that passes through two processes: mixing and molding. All
manufacturing costs are added uniformly in the Mixing Department. Information for the Mixing Department for
January follows:
Work in process, January 1:
Units (35% complete)
7,500
Direct materials
$36,000
Direct labor
$45,000
Overhead
$15,000
During January, 26,750 units were completed and transferred to the Molding Department. The following costs were incurred by the Mixing
Department during January:
Direct materials
$133,050
Direct labor
180,000
Overhead (applied)
45,000
Refer to Figure 6-11. There were 2,500 units that were 80 percent complete remaining in Mixing at January 31. The amount of total costs to account
for is
105. Figure 6-11
Rawlings, Inc. manufactures a product that passes through two processes: mixing and molding. All
manufacturing costs are added uniformly in the Mixing Department. Information for the Mixing Department for
January follows:
Work in process, January 1:
Units (35% complete)
7,500
Direct materials
$36,000
Direct labor
$45,000
Overhead
$15,000
During January, 26,750 units were completed and transferred to the Molding Department. The following costs were incurred by the Mixing
Department during January:
Direct materials
$133,050
Direct labor
180,000
Overhead (applied)
45,000
Refer to Figure 6-11. There were 3,750 units that were 80 percent complete remaining in Mixing at January 31. Total cost per equivalent unit of
production using the FIFO method is
106. Figure 6-11
Rawlings, Inc. manufactures a product that passes through two processes: mixing and molding. All
manufacturing costs are added uniformly in the Mixing Department. Information for the Mixing Department for
January follows:
Work in process, January 1:
Units (35% complete)
7,500
Direct materials
$36,000
Direct labor
$45,000
Overhead
$15,000
During January, 26,750 units were completed and transferred to the Molding Department. The following costs were incurred by the Mixing
Department during January:
Direct materials
$133,050
Direct labor
180,000
Overhead (applied)
45,000
Refer to Figure 6-11. The cost of January’s ending work in process for the Mixing Department using the FIFO method is
107. Refer to Figure 6-11. There were 3,750 units that were 80 percent complete remaining in Mixing at
January 31. The cost of goods transferred to the Molding Department during January using the FIFO method is
108. Beginning inventory consisted of 1,000 units with costs of $31,000. All materials and 60 percent of labor
and overhead were added in the prior period. In addition, another 8,000 units were started and completed. Unit
costs are materials, $8.00; labor, $20.00; overhead, $9.00. What is the total cost of goods transferred out using
FIFO?
109. Phantom Enterprises adds materials to production at the beginning of the process in the Production
Department. It uses a single-step process. Data on material for this department for July 2014 are as follows:
Production data (units):
In process, beginning of July
10,000
Started during July
60,000
Completed and transferred out during July
55,000
Manufacturing cost:
Work in process, beginning
$39,000
Materials used in July
$186,000
The company uses the FIFO inventory method.
The materials cost in Work in Process on July 31 is
110. Figure 6-12
Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The
following information is given for the printing department for September.
Units:
units, beginning work in process
40,000 (20% complete for materials, 60% complete for conversion)
started
300,000
completed
?
units, ending work in process
50,000 (25% complete for materials, 80% complete for conversion)
Costs:
Materials
Conversion
Total
beginning work in process
$ 6,080
$ 2,160
$ 8,240
current costs
$220,875
$30,600
$251,475
total costs
$226,955
$32,760
$259,715
The company uses FIFO inventory assumption.
Refer to Figure 6-12. What are the FIFO equivalent units for materials?
111. Figure 6-12
Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The
following information is given for the printing department for September.
Units:
units, beginning work in process
40,000 (20% complete for materials, 60% complete for conversion)
started
300,000
completed
?
units, ending work in process
50,000 (25% complete for materials, 80% complete for conversion)
Costs:
Materials
Conversion
Total
beginning work in process
$ 6,080
$ 2,160
$ 8,240
current costs
$220,875
$30,600
$251,475
total costs
$226,955
$32,760
$259,715
The company uses FIFO inventory assumption.
Refer to Figure 6-12. What are the FIFO equivalent units for conversion?
112. Figure 6-12
Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The
following information is given for the printing department for September.
Units:
units, beginning work in process
40,000 (20% complete for materials, 60% complete for conversion)
started
300,000
completed
?
units, ending work in process
50,000 (25% complete for materials, 80% complete for conversion)
Costs:
Materials
Conversion
Total
beginning work in process
$ 6,080
$ 2,160
$ 8,240
current costs
$220,875
$30,600
$251,475
total costs
$226,955
$32,760
$259,715
The company uses FIFO inventory assumption.
Refer to Figure 6-12. What are the FIFO cost per unit for conversion?
113. Figure 6-12
Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The
following information is given for the printing department for September.
Units:
units, beginning work in process
40,000 (20% complete for materials, 60% complete for conversion)
started
300,000
completed
?
units, ending work in process
50,000 (25% complete for materials, 80% complete for conversion)
Costs:
Materials
Conversion
Total
beginning work in process
$ 6,080
$ 2,160
$ 8,240
current costs
$220,875
$30,600
$251,475
total costs
$226,955
$32,760
$259,715
The company uses FIFO inventory assumption.
Refer to Figure 6-12. What are the FIFO cost per unit for materials?
114. Figure 6-12
Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The
following information is given for the printing department for September.
Units:
units, beginning work in process
40,000 (20% complete for materials, 60% complete for conversion)
started
300,000
completed
?
units, ending work in process
50,000 (25% complete for materials, 80% complete for conversion)
Costs:
Materials
Conversion
Total
beginning work in process
$ 6,080
$ 2,160
$ 8,240
current costs
$220,875
$30,600
$251,475
total costs
$226,955
$32,760
$259,715
The company uses FIFO inventory assumption.
Refer to Figure 6-12. What is the journal entry for the cost of goods sent to binding?
115. The unit-costing method that merges prior-period work and costs with current-period work and costs is
called:
116. When computing equivalent units of production, the method that combines partially completed units in
beginning inventory with current period production is
117. Beginning inventory consisted of 10,000 units (20 percent converted) and ending inventory consisted of
20,000 units (40 percent converted). In addition, 60,000 units were started during the period. How many
equivalent units for conversion costs were produced using the weighted average method?
118. The following information is available:
Units in process, November 1 (60% converted)
2,000 units
Units in process, November 30 (60% converted)
4,000 units
Units started during the month
30,000 units
Materials are added at the beginning of the process.
How many equivalent units for conversion would there be in November using the weighted average method?
119. Figure 6-13
Wonder Paints Corporation’s Mixing Department began August 2014 with 10,000 gallons of product (40
percent completed) in process. During August, Wonder Paints started 100,000 gallons of new product, of which
15,000 gallons remained in ending inventory (70 percent completed).
Refer to Figure 6-13. If materials were added at the beginning of the process, how many equivalent units of
production for conversion costs would there be for Wonder Paints using the weighted average costing method?
120. Figure 6-13
Wonder Paints Corporation’s Mixing Department began August 2014 with 10,000 gallons of product (40
percent completed) in process. During August, Wonder Paints started 100,000 gallons of new product, of which
15,000 gallons remained in ending inventory (70 percent completed).
Refer to Figure 6-13. If materials were added when the units were 80 percent complete, how many equivalent
units of production for materials would there be for Wonder Paints using the weighted average costing method?
121. The following information pertains to Mcintosh Company:
Work-in-process inventory, February 1 (30% complete)
20,000 units
Units transferred in
50,000 units
Work-in-process inventory, February 29 (60% complete)
16,000 units
Materials are added at the start of the process.
How many equivalent units for materials would there be using the weighted average method?
122. Beginning inventory for the month contained 3,000 units that were 35 percent complete with respect to
materials. 55,000 units were completed and transferred out during the month. 5,500 units were in ending
inventory, 10 percent complete with respect to materials. The weighted average equivalent units of production
for materials for the month would be
123. The costs included in the cost per equivalent unit using the weighted average method are
124. The following information pertains to Southland Company:
Units
Work in process, April 1 (20% complete)
8,000
Started in January
40,000
Work in process, April 30
12,000
Materials are added at the beginning of the process.
If equivalent units of production for conversion using the weighted average method was 39,000, ending work in process at April 30 must have been
125. The material cost per equivalent unit using the weighted average method is calculated as
126. Which is NOT a disadvantage of the weighted average costing assumption in process costing?
127. Figure 6-14
The following information is available for Department C for the month of June:
Units
Cost
Work in process, June 1 (70% complete)
10,000
Direct materials
$ 36,000
Direct labor
18,000
Manufacturing overhead
24,000
Total work in process, June 1
$ 78,000
Started in production during June
40,000
Costs added:
Direct materials
$108,000
Direct labor
48,000
Manufacturing overhead
60,600
Total costs added during June
$216,600
Work in process, June 30 (80% complete)
4,000
Materials are added at the beginning of the process. Round unit costs to two decimal places.
Refer to Figure 6-14. The cost per equivalent unit of production for materials using the weighted average method is
128. Figure 6-14
The following information is available for Department C for the month of June:
Units
Cost
Work in process, June 1 (70% complete)
10,000
Direct materials
$ 36,000
Direct labor
18,000
Manufacturing overhead
24,000
Total work in process, June 1
$ 78,000
Started in production during June
40,000
Costs added:
Direct materials
$108,000
Direct labor
48,000
Manufacturing overhead
60,600
Total costs added during June
$216,600
Work in process, June 30 (80% complete)
4,000
Materials are added at the beginning of the process. Round unit costs to two decimal places.
Refer to Figure 6-14. The cost per equivalent unit of production for conversion using the weighted average method is
129. Figure 6-14
The following information is available for Department C for the month of June:
Units
Cost
Work in process, June 1 (70% complete)
10,000
Direct materials
$ 36,000
Direct labor
18,000
Manufacturing overhead
24,000
Total work in process, June 1
$ 78,000
Started in production during June
40,000
Costs added:
Direct materials
$108,000
Direct labor
48,000
Manufacturing overhead
60,600
Total costs added during June
$216,600
Work in process, June 30 (80% complete)
4,000
Materials are added at the beginning of the process. Round unit costs to two decimal places.
Refer to Figure 6-14. The cost of goods transferred out using the weighted average method is
130. Figure 6-14
The following information is available for Department C for the month of June:
Units
Cost
Work in process, June 1 (70% complete)
10,000
Direct materials
$ 36,000
Direct labor
18,000
Manufacturing overhead
24,000
Total work in process, June 1
$ 78,000
Started in production during June
40,000
Costs added:
Direct materials
$108,000
Direct labor
48,000
Manufacturing overhead
60,600
Total costs added during June
$216,600
Work in process, June 30 (80% complete)
4,000
Materials are added at the beginning of the process. Round unit costs to two decimal places.
Refer to Figure 6-14. The cost of ending work in process using the weighted average method is
131. Mortimer Company manufactures a product that passes through two processes: Mixing and Molding. All
manufacturing costs are added uniformly in the Mixing Department. Information for the Mixing Department for
May follows:
Work in process, May 1:
Units (35% complete)
7,500
Direct materials
$36,000
Direct labor
$45,000
Overhead
$15,000
During May, 37,500 units were completed and transferred to the Molding Department. The following costs were incurred by the Mixing Department
during May:
Direct materials
$135,000
Direct labor
180,000
Overhead
45,000
There were 3,750 units that were 80 percent complete remaining in mixing at May 31. The equivalent units of production using the weighted average
method is
132. Transferred-in costs are accounted for in the same manner as
133. Figure 6-15
The Davidson Company uses a weighted average process costing system. The following information was
reported for the Assembly Process for January. Materials are added at the beginning of the process and are
100%.
Units:
units
% complete for conversions
work in process, 1/1
60,000
15%
started
105,000
work in process, 1/31
40,000
20%
Costs:
Materials
Conversion
beginning work in process
$ 16,500
$ 33,250
current costs
$643,500
$332,500
Refer to Figure 6-15. What are the equivalent units for materials?
134. Figure 6-15
The Davidson Company uses a weighted average process costing system. The following information was
reported for the Assembly Process for January. Materials are added at the beginning of the process and are
100%.
Units:
units
% complete for conversions
work in process, 1/1
60,000
15%
started
105,000
work in process, 1/31
40,000
20%
Costs:
Materials
Conversion
beginning work in process
$ 16,500
$ 33,250
current costs
$643,500
$332,500
Refer to Figure 6-15. What are the equivalent units for conversion?
135. Figure 6-15
The Davidson Company uses a weighted average process costing system. The following information was
reported for the Assembly Process for January. Materials are added at the beginning of the process and are
100%.
Units:
units
% complete for conversions
work in process, 1/1
60,000
15%
started
105,000
work in process, 1/31
40,000
20%
Costs:
Materials
Conversion
beginning work in process
$ 16,500
$ 33,250
current costs
$643,500
$332,500
Refer to Figure 6-15. What is the cost per unit for conversion?
136. Figure 6-15
The Davidson Company uses a weighted average process costing system. The following information was
reported for the Assembly Process for January. Materials are added at the beginning of the process and are
100%.
Units:
units
% complete for conversions
work in process, 1/1
60,000
15%
started
105,000
work in process, 1/31
40,000
20%
Costs:
Materials
Conversion
beginning work in process
$ 16,500
$ 33,250
current costs
$643,500
$332,500
Refer to Figure 6-15. What is the cost per unit for materials?