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4/ During March, the production department of a process operations system completed and transferred to finished goods 19,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 28% complete with respect to conversion. Compute the number of physical units transferred to finished goods.

Multiple Choice

105,000.

129,000.

110,000.

159,000.

144,000.

5/ A company's beginning Work in Process inventory consisted of 27,500 units that were 20% complete with respect to direct labor. These beginning units were completed and another 102,000 units were started during the current period. Of those started, 67,500 were finished and the remaining 34,500 were 40% complete at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were:

Multiple Choice

84,500.

67,500.

89,500.

112,500.

108,800.

6/ Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for direct labor usage is:

Direct materials used	$	93,000
Direct labor used		166,000
Predetermined overhead rate (based on direct labor)		150	%
Goods transferred to finished goods		438,000
Cost of goods sold		450,000
Credit sales		816,000

Multiple Choice

Debit Factory Payroll Payable $166,000; credit Cash $166,000.

Debit Work in Process Inventory $166,000; credit Factory Payroll Payable $166,000.

Debit Cost of Goods Sold $166,000; credit Factory Payroll Payable $166,000.

Debit Work in Process Inventory $166,000; credit Raw Materials Inventory $166,000.

Debit Work in Process Inventory $166,000; credit Cash $166,000.

7/ At the beginning of the recent period, there were 1,170 units of product in a department, 35% completed. These units were finished and an additional 5,900 units were started and completed during the period. 1,160 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:

Multiple Choice

7,360 units.

6,580 units.

5,900 units.

7,070 units.

8,230 units.

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