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During December, the production department of a process operations system completed and transferred to finished goods a total of 65,000 units of product. At the end of March, 15,000 additional units were in process in the production department and were 80% complete with respect to direct materials. The beginning inventory included materials cost of $57,240 and the production department incurred direct materials cost of $183,000 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method. Multiple Choice $3.70. $238 $282 $3.12 $4.79. Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding department: Production cost information for the Molding department follows. Calculate the cost per equivalent unit of conversion. Multiple Choice $4.60 $4.50 $4.16 Production cost information for the Molding department follows. Calculate the cost per equivalent unit of conversion. Multiple Choice $4.60 $4.50 $4.16 $4.98 $5.45 During January, the production department of a process operations system completed and transferred to finished goods a total of 78,000 units. At the end of January, 9.000 additional units were in process in the production department and were 65% complete with respect to conversion. The beginning inventory included conversion cost of $37,100 and the production department incurred conversion costs of $294,300 during January. Compute the cost per equivalent unit for conversion for the department using the weighted-average method. Multiple Choice $6.34. $3.77. $3.51. $4.25. $3.95. Yamada Company applies factory overhead to its production departments on the basis of 90% of direct labor costs. In the Assembly Department, Yamada had $125,000 of direct labor cost, and in the Finishing Department, Yamada had $35,000 of direct labor cost. The entry to apply overhead to these production departments is: Multiple Choice Debit Factory Overhead_Assembly \$112,500; debit Factory Overhead_Finishing \$31,500; credit Work In Process Inventory $144,000. Debit Factory Overhead \$144,000; credit Work in Process Inventory_Assembly \$112,500; credit Work in ProcessFinishing $31,500. Debit Factory Overhead \$144,000; credit Factory Wages Payable $144,000 Debit Work in Process Inventory_Assembly \$112,500; deblt Work in Process Inventory-FInishing $31,500; credit Factory Overhead $144,000. Debit Factory Wages Payable $144,000; credit Cash $144,000. The Fabricating Department started the current month with a beginning Work in Process inventory of $11,300. During the month, it was assigned the following costs: direct materials, $77,300; direct labor, $25,300; and factory overhead, 60% of direct labor cost. Also, inventory with a cost of $115,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is: Multiple Choice $186,168. $13,580. $67,380. $113,900. $70,668. Which of the following products is most likely to be produced in a process operation? Multiple Cholce Aurplanes Cereal Bridges Designer bridal gowns Custom cabinets Clarksen Company uses a process costing system. The company requisitioned $93,000 of materials for Department A and $67,000 of materials for Department D. The entry to record the use of the direct materials by these two departments is: Multiple Choice Debit Raw Materlals Inventory $160,000; credit Accounts Payable $160,000. Debit Work in Process Inventory-Department A \$93,000; debit Work in Process Inventory-Department D $67,000; credit Raw Materlals Inventory $160,000. Debit Factory overhead $160,000; credit Raw Materlals Inventory $160,000 Debit Raw Materials Inventory_Department A \$93,000; debit Raw Materlals Inventory-Department D \$67,000; credit Work in Process Inventory \$160,000. Debit Work In Process Inventory-Department A \$93,000; debit Work in Process Inventory-Department D $67,000; credit Accounts Payable \$160,000. Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing department. Information for the Cutting department for the month of May follows. Production cost information for the Cutting department follows: If Pitt Enterprises uses the weighted-average method of process costing. compute the equivalent units for direct materials and conversion respectively for May. Multiple Choice 225,000 direct materlals; 195,000 conversion. 275,000 direct materials; 215,000 conversion. 150,000 direct materials; 150,000 conversion. Production cost information for the Cutting department follows: If Pitt Enterprises uses the weighted-average method of process costing. compute the equivalent units for direct materials and conversion respectively for May. Multiple Choice 225,000 direct materlals; 195,000 conversion. 275,000 direct materials; 215,000 conversion. 150,000 direct materlals; 150,000 conversion. 195,000 direct materlals; 225,000 conversion. 195,000 direct materlals; 195,000 conversion. A manufacturer estimates total factory overhead costs of $4,740,000 and total direct labor costs of $2,370,000 for its first year of operations. During January, the company used $117,000 of direct labor cost in its Blending department and $92,000 of direct labor cost in its Bottling department. The company computes its predetermined overhead rate as a percentage of direct labor cost. Which of the following is the correct journal entry to apply factory overhead to the Blending and Bottling departments. Multiple Choice Debit Work in Process Inventory-Blending \$234,000; debit Work in Process Inventory-Bottling \$184,000; credit: Factory Overhead $418,000. Debit Work In Process Inventory $418,000; credit Factory Overhead $418,000. Debit Work In Process Inventory-Blending \$234,000; debit Work in Process Inventory_Bottling \$184,000; credit: Factory Wages Payable \$418,000. Debit Work In Process Inventory-Blending \$117,000; debit Work in Process Inventory-Bottling \$92000; credit Factory Overhead $209,000. Debit Work In Process Inventory \$209,000; credit Factory Overhead \$209,000. An ice cream manufacturer makes ice cream in two processes, Mixing and Packaging. During April, its first month of business, the ackaging department transferred 200,000 units and $700,000 of production costs to finished goods. The company completed and sold 192,000 units at a price of $5 per unit in April. What is the total gross profit on ice cream sales for April. Multiple Choice $672000 $288,000. $960,000. $384,000. $576,000

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