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TB MC Qu. 16-161 (Algo) During April, the production...

During December, the production department of a process operations system completed and transferred to finished goods a total of 56,000 units of product. At the end of March, 18,000 additional units were in process in the production department and were 30% complete with respect to direct materials. The beginning inventory included materials cost of $58,100 and the production department incurred direct materials cost of $184,800 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.

Multiple Choice

• $4.34.

• $3.01.

• $3.28.

• $3.96.

• $3.30.

TB MC Qu. 16-174 (Algo) A company uses the weighted-average...

A company uses the weighted-average method for inventory costing. At the beginning of the period, it reported the following data:

	Units	Conversion Percent Complete
Beginning work in process inventory	29,500	40%
Units started this period	186,000
Units completed and transferred out	184,000
Ending work in process inventory	31,500	70%

The production department data related to conversion costs follows:

Costs of beginning work in process	$ 118,000
Costs added this period	745,825

Compute the conversion cost per equivalent unit.

Multiple Choice

• $4.05.

• $4.45.

• $4.25.

• $4.19.

• $3.84.

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