1.
At the beginning of the month, the Painting Department of SkyeManufacturing had 23,000 units in inventory, 70% complete as tomaterials, and 25% complete as to conversion. The cost of thebeginning inventory, $31,650, consisted of $25,400 of materialcosts and $6,250 of conversion costs. During the month thedepartment started 118,000 units and transferred 124,500 units tothe next manufacturing department. Costs added in the current monthconsisted of $298,600 of materials costs and $541,910 of conversioncosts. At the end of the month, the department had 16,500 units ininventory, 40% complete as to materials and 10% complete as toconversion. If Skye Manufacturing uses the weighted average methodof process costing, compute the costs per equivalent unit ofmaterials and conversion respectively for the PaintingDepartment.
Multiple Choice
$2.47; $4.35.
$2.22; $4.29.
$2.54; $4.40.
$2.54; $4.29.
$2.82; $4.55.
2.
The following is an account for a production department, showingits costs for one month:
| Work in Process Inventory |
| Beginning Balance | 5,600 | Completed and transferred out | 50,010 |
| Direct materials | 21,800 | | |
| Direct labor | 16,400 | | |
| Overhead | 11,000 | | |
| Ending Balance | 4,790 | | |
Assume that materials are added at the beginning of the productionprocess and that direct labor and overhead are applied uniformly.If the started and completed units cost $42,050, what was the costof completing the units in the beginning Work in Processinventory?
$54,800.
$12,750.
$7,960.
$2,360.
$37,260.
3.
During March, the production department of a process operationssystem completed and transferred to finished goods 33,000 unitsthat were in process at the beginning of March and 100,000 thatwere started and completed in March. March's beginning inventoryunits were 100% complete with respect to materials and 30% completewith respect to labor. At the end of March, 38,000 additional unitswere in process in the production department and were 100% completewith respect to materials and 30% complete with respect to labor.The production department incurred direct labor cost of $579,200and its beginning inventory included labor cost of $55,000. Computethe direct labor cost per equivalent unit for the department usingthe weighted-average method.
$4.77.
$4.01.
$5.79.
$4.35.
$4.39.
4.
A company uses the weighted-average method for inventorycosting. At the end of the period, 18,000 units were in the endingWork in Process inventory and are 100% complete for materials and69% complete for conversion. The equivalent costs per unit arematerials, $2.59, and conversion $2.25. Compute the cost that wouldbe assigned to the ending Work in Process inventory for theperiod.
$74,565.
$145,620.
$67,760.
$114,930.
$100,478.
