Deck 3: Process Costing

Question 1

When computing the cost per equivalent unit,it is not necessary to consider the percentage completion of the units in beginning inventory under the weighted-average method.

Answer 1

True

Question 2

A company should use process costing,rather than job order costing,if:

A)production is only partially completed during the accounting period.
B)the product is manufactured in batches only as orders are received.
C)the product is composed of mass-produced homogeneous units.
D)the product goes through several steps of production.

Answer 2

C

Question 3

Process costing would be used by companies producing the following items: bricks,bolts,pharmaceutical items,natural gas,and electricity.

Answer 3

True

Question 4

In process costing,the equivalent units computed for materials is generally the same as that computed for direct labor.

Question 5

The job cost sheet is used in both job-order and process costing.

Question 6

A process costing system:

A)uses a separate Work in Process account for each processing department.
B)uses a single Work in Process account for the entire company.
C)uses a separate Work in Process account for each type of product produced.
D)does not use a Work in Process account in any form.

Question 7

A process costing system would be best suited for production of a large quantity of a homogeneous product.

Question 8

The Nichols Company uses the weighted-average method in its process costing system.The company recorded 29,500 equivalent units for conversion costs for November in a particular department.There were 6,000 units in the ending work in process inventory on November 30,75% complete with respect to conversion costs.The November 1 work in process inventory consisted of 8,000 units,50% complete with respect to conversion costs.A total of 25,000 units were completed and transferred out of the department during the month.The number of units started during November in the department was:

A)24,500 units
B)23,000 units
C)27,000 units
D)21,000 units

Question 9

In process costing,costs are accumulated in processing departments,rather than by job.

Question 10

In a process costing system,overhead costs are traced to units of product as they are incurred.

Question 11

A process cost system would be used to account for the cost of manufacturing an oil tanker.

Question 12

When assigning costs to partially completed units in the ending work in process inventory,it is not necessary to consider the percentage completion of the units under the weighted-average method.

Question 13

The weighted-average method of process costing can only be used if materials are added at the beginning of the production process.

Question 14

Which of the following characteristics applies to process costing,but does not apply to job order costing?

A)The need for averaging.
B)The use of equivalent units of production.
C)Separate,identifiable jobs.
D)The use of predetermined overhead rates.

Question 15

Under the weighted-average method,the cost of materials in the beginning work in process inventory is not used in the computation of the cost per equivalent unit for materials.

Question 16

In a process costing system,manufacturing overhead applied is usually recorded as a debit to:

A)Finished goods.
B)Work in process.
C)Manufacturing overhead.
D)Cost of goods sold.

Question 17

Equivalent units for a process costing system using the weighted-average method would be equal to:

A)units completed during the period and transferred out.
B)units started and completed during the period plus equivalent units in the ending work in process inventory.
C)units completed during the period less equivalent units in the beginning inventory,plus equivalent units in the ending work in process inventory.
D)units completed during the period plus equivalent units in the ending work in process inventory.

Question 18

The Assembly Department started the month with 14,000 units in its beginning work in process inventory.An additional 296,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department.There were 14,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month?

A)293,000
B)310,000
C)324,000
D)296,000

Question 19

The cost of beginning inventory under the weighted-average method is:

A)added in with current period costs in determining costs per equivalent unit for a given period.
B)ignored in determining the costs per equivalent unit for a given period.
C)considered separately from costs incurred during the current period.
D)subtracted from current period costs in determining costs per equivalent unit for a given period.

Question 20

The following journal entry would be made in a processing costing system when units that have been completed with respect to the work done in Processing Department Z are transferred from Processing Department Z to Processing Department Y:

Question 21

Diston Company uses the weighted-average method in its process costing system.The first processing department,the Welding Department,started the month with 18,000 units in its beginning work in process inventory that were 30% complete with respect to conversion costs.The conversion cost in this beginning work in process inventory was $44,820.An additional 90,000 units were started into production during the month.There were 21,000 units in the ending work in process inventory of the Welding Department that were 10% complete with respect to conversion costs.A total of $677,970 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places. )

A)$8.112
B)$8.300
C)$7.533
D)$6.108

Question 22

Nguyen Corporation uses the weighted-average method in its process costing system.Operating data for the Lubricating Department for the month of October appear below: What were the equivalent units for conversion costs in the Lubricating Department for October?

A)53,700
B)52,280
C)54,080
D)50,100

Question 23

Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:

-How many units were in the ending work in process inventory?

A)600 units
B)1,000 units
C)800 units
D)1,400 units

Question 24

Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:

-What was the cost per equivalent unit for conversion cost?

A)$5.00
B)$12.30
C)$8.50
D)$14.75

Question 25

Hardouin Company uses the weighted-average method in its process costing system.The first processing department,the Welding Department,started the month with 22,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs.The conversion cost in this beginning work in process inventory was $23,320.An additional 97,000 units were started into production during the month and 101,000 units were completed in the Welding Department and transferred to the next processing department.There were 18,000 units in the ending work in process inventory of the Welding Department that were 40% complete with respect to conversion costs.A total of $529,380 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places. )

A)$5.300
B)$5.458
C)$4.603
D)$5.108

Question 26

Borwan Company uses the weighted-average method in its process costing system.The Assembly Department started the month with 8,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs.An additional 69,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department.There were 5,000 units in the ending work in process inventory of the Assembly Department that were 20% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

A)67,400
B)73,000
C)72,000
D)66,000

Question 27

The following data were taken from the accounting records of the Hazel Corporation which uses the weighted-average method in its process costing system: The equivalent units for conversion costs was:

A)102,000 units
B)112,000 units
C)111,000 units
D)100,000 units

Question 28

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-What are the equivalent units for conversion costs for the month in the first processing department?

A)4,400
B)4,530
C)130
D)5,700

Question 29

Parmentier Company uses the weighted-average method in its process costing system.The Molding Department is the second department in its production process.The data below summarize the department's operations in January. The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $5,096 and a total of $87,668 in conversion costs were incurred in the department during January. What was the cost per equivalent unit for conversion costs for January in the Molding Department? (Round off to three decimal places. )

A)$1.654
B)$1.752
C)$1.490
D)$1.499

Question 30

Loll Company uses the weighted-average method in its process costing system.Operating data for the first processing department for the month of June appear below: According to the company's records,the conversion cost in beginning work in process inventory was $46,915 at the beginning of June.Additional conversion costs of $825,183 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places. )

A)$8.420
B)$6.934
C)$8.530
D)$8.322

Question 31

Jastak Company uses the weighted-average method in its process costing system.Operating data for the Painting Department for the month of April appear below: What were the equivalent units for conversion costs in the Painting Department for April?

A)106,100
B)91,500
C)98,970
D)106,270

Question 32

In February,one of the processing departments at Carpentier Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $29,000.During the month,$148,000 of costs were added to production and the cost of units transferred out from the department was $133,000.In the department's cost reconciliation report for February,the total cost to be accounted for would be:

A)$310,000
B)$162,000
C)$324,000
D)$43,000

Question 33

Scheney Company uses the weighted-average method in its process costing system.The company's work in process inventory on March 31 consisted of 20,000 units.The units in the ending work in process inventory were 100% complete with respect to materials and 70% complete with respect to labor and overhead.If the cost per equivalent unit for March was $2.50 for materials and $4.75 for labor and overhead,the total cost in the March 31 work in process inventory was:

A)$145,000
B)$116,500
C)$101,500
D)$78,500

Question 34

Fayard Corporation uses the weighted-average method in its process costing system.The Assembly Department started the month with 5,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs.An additional 67,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department.During the month 63,000 units were completed in the Assembly Department and transferred to the next processing department.There were 9,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

A)71,000
B)64,000
C)63,000
D)67,500

Question 35

In February,one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $35,000 and ending work in process inventory of $11,000.During the month,the cost of units transferred out from the department was $410,000.In the department's cost reconciliation report for February,the total cost to be accounted for would be:

A)$46,000
B)$807,000
C)$842,000
D)$421,000

Question 36

Sanchez Corporation uses the weighted-average method in its process costing system.The Fitting Department is the second department in its production process.The data below summarize the department's operations in March. The Fitting Department's cost per equivalent unit for conversion cost for March was $8.66. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

A)$480,630
B)$450,320
C)$444,258
D)$510,940

Question 37

The following information pertains to Yap Company's Grinding Department for the month of April: All materials are added at the beginning of the process.Using the weighted-average method,the cost per equivalent unit for materials is closest to:

A)$0.59
B)$0.55
C)$0.45
D)$0.43

Question 38

Jumper Company uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:

-How much cost,in total,was transferred to the next department during the month?

A)$315,200
B)$306,000
C)$312,000
D)$317,100

Question 39

The Gasson Company uses the weighted-average method in its process costing system.The company's ending work in process inventory consists of 10,000 units,100% complete with respect to materials and 70% complete with respect to labor and overhead.If the costs per equivalent unit are $4.50 for the materials and $2.00 for labor and overhead,the balance of the ending work in process inventory account would be:

A)$44,500
B)$50,500
C)$59,000
D)$65,000

Question 40

Ravalt Corporation uses the weighted-average method in its process costing system.The Molding Department is the second department in its production process.The data below summarize the department's operations in January. The Molding Department's cost per equivalent unit for conversion cost for January was $7.90. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?

A)$27,729
B)$30,810
C)$3,081
D)$5,056

Question 41

Froment Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,900 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 65% complete with respect to materials and 25% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.


-The total cost transferred from the first processing department to the next processing department during the month is closest to:

A)$328,155
B)$309,200
C)$311,600
D)$299,796

Question 42

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-What are the equivalent units for conversion costs for the month in the first processing department?

A)6,925
B)7,200
C)6,700
D)225

Question 43

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A)$32.03
B)$30.81
C)$33.63
D)$31.64

Question 44

Epstein Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were:
A total of 7,000 units were started and 6,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
The ending inventory was 85% complete with respect to materials and 45% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.


-The total cost transferred from the first processing department to the next processing department during the month is closest to:

A)$248,529
B)$218,303
C)$236,700
D)$228,800

Question 45

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The total cost transferred from the first processing department to the next processing department during the month is closest to:

A)$351,100
B)$366,552
C)$356,800
D)$341,097

Question 46

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: A total of 8,100 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:The ending inventory was 80% complete with respect to materials and 75% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for materials for the month in the first processing department is closest to:

A)$16.32
B)$17.17
C)$15.91
D)$16.73

Question 47

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: A total of 8,100 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:The ending inventory was 80% complete with respect to materials and 75% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The total cost transferred from the first processing department to the next processing department during the month is closest to:

A)$486,614
B)$472,000
C)$459,200
D)$424,373

Question 48

Epstein Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were:
A total of 7,000 units were started and 6,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
The ending inventory was 85% complete with respect to materials and 45% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.


-What are the equivalent units for conversion costs for the month in the first processing department?

A)405
B)6,905
C)6,500
D)7,400

Question 49

Epstein Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were:
A total of 7,000 units were started and 6,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
The ending inventory was 85% complete with respect to materials and 45% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.


-The cost per equivalent unit for materials for the month in the first processing department is closest to:

A)$12.84
B)$13.32
C)$13.08
D)$12.61

Question 50

Froment Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,900 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 65% complete with respect to materials and 25% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.


-The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

A)$28,359
B)$18,433
C)$7,090
D)$11,809

Question 51

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

A)$26,342
B)$62,679
C)$8,357
D)$83,572

Question 52

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: A total of 8,100 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:The ending inventory was 80% complete with respect to materials and 75% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.


-How many units are in ending work in process inventory in the first processing department at the end of the month?

A)1,100
B)900
C)600
D)7,600

Question 53

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The total cost transferred from the first processing department to the next processing department during the month is closest to:

A)$366,430
B)$284,600
C)$309,200
D)$282,858

Question 54

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for materials for the month in the first processing department is closest to:

A)$21.28
B)$20.07
C)$19.29
D)$18.19

Question 55

Grosseiller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,400 units were started and 5,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 65% complete with respect to materials and 15% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-How many units are in ending work in process inventory in the first processing department at the end of the month?

A)2,100
B)1,200
C)5,500
D)900

Question 56

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-How many units are in ending work in process inventory in the first processing department at the end of the month?

A)500
B)900
C)300
D)6,800

Question 57

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

A)$22,910
B)$15,703
C)$25,455
D)$11,455

Question 58

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A)$34.18
B)$39.93
C)$43.00
D)$45.15

Question 59

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were: A total of 8,100 units were started and 7,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:The ending inventory was 80% complete with respect to materials and 75% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.


-What are the equivalent units for conversion costs for the month in the first processing department?

A)8,600
B)825
C)7,500
D)8,325

Question 60

Atwich Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 5,100 units were started and 4,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 75% complete with respect to materials and 10% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for materials for the month in the first processing department is closest to:

A)$18.88
B)$18.75
C)$18.33
D)$18.46

Question 61

Grosseiller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,400 units were started and 5,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 65% complete with respect to materials and 15% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A)$26.89
B)$22.34
C)$31.05
D)$29.57

Question 62

Kramer Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The total cost transferred from the first processing department to the next processing department during the month is closest to:

A)$306,682
B)$353,149
C)$334,000
D)$341,000

Question 63

Kramer Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

A)$32,527
B)$46,467
C)$34,317
D)$39,497

Question 64

Duhamel Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,800 units were started and 7,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:The ending inventory was 55% complete with respect to materials and 50% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-What are the equivalent units for conversion costs for the month in the first processing department?

A)8,400
B)7,700
C)7,000
D)700

Question 65

Duhamel Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,800 units were started and 7,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:The ending inventory was 55% complete with respect to materials and 50% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for materials for the month in the first processing department is closest to:

A)$25.74
B)$23.81
C)$24.87
D)$26.89

Question 66

Lothian Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

A)$8,919
B)$15,405
C)$5,925
D)$23,700

Question 67

Grosseiller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,400 units were started and 5,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 65% complete with respect to materials and 15% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for materials for the month in the first processing department is closest to:

A)$12.93
B)$14.38
C)$16.38
D)$14.73

Question 68

Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-What are the equivalent units for conversion costs for the month in the first processing department?

A)8,650
B)9,700
C)8,300
D)350

Question 69

Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A)$18.29
B)$17.42
C)$15.54
D)$17.10

Question 70

Grosseiller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,400 units were started and 5,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 65% complete with respect to materials and 15% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-What are the equivalent units for conversion costs for the month in the first processing department?

A)7,300
B)5,515
C)5,200
D)315

Question 71

Grosseiller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,400 units were started and 5,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 65% complete with respect to materials and 15% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

A)$62,720
B)$31,668
C)$14,474
D)$96,493

Question 72

Lothian Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A)$34.05
B)$32.17
C)$32.43
D)$30.30

Question 73

Lothian Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-What are the equivalent units for materials for the month in the first processing department?

A)5,200
B)325
C)5,525
D)5,700

Question 74

Duhamel Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,800 units were started and 7,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:The ending inventory was 55% complete with respect to materials and 50% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-How many units are in ending work in process inventory in the first processing department at the end of the month?

A)1,400
B)7,200
C)900
D)800

Question 75

Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost per equivalent unit for materials for the month in the first processing department is closest to:

A)$10.51
B)$10.12
C)$9.91
D)$9.54

Question 76

Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-What are the equivalent units for materials for the month in the first processing department?

A)840
B)9,140
C)9,700
D)8,300

Question 77

Grosseiller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,400 units were started and 5,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 65% complete with respect to materials and 15% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-What are the equivalent units for materials for the month in the first processing department?

A)1,365
B)6,565
C)7,300
D)5,200

Question 78

Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

A)$14,930
B)$23,466
C)$9,778
D)$39,110

Question 79

Grosseiller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: A total of 6,400 units were started and 5,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 65% complete with respect to materials and 15% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The total cost transferred from the first processing department to the next processing department during the month is closest to:

A)$270,600
B)$238,935
C)$335,428
D)$242,700

Question 80

Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

-The total cost transferred from the first processing department to the next processing department during the month is closest to:

A)$246,800
B)$270,979
C)$240,400
D)$231,869