Accounting 102 - Managerial Accounting » Fall 2022 » CH 5 Quiz
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Question #1
The Assembly Department started the month with 24,500 units in its beginning work in process inventory. An additional 309,500 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 29,500 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.
314,500
B.
304,500
C.
334,000
D.
363,500
Question #2
Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 20,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $26,200. A total of 58,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $2.10 for materials and $3.80 for conversion costs. The total cost of the units completed and transferred out of the department was:
A.
$330,610
B.
$342,200
C.
$373,660
D.
$276,080
Question #3
In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $19,000. During the month, the cost of units transferred out from the department was $149,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:
A.
$120,000
B.
$33,000
C.
$168,000
D.
$133,000
Question #4
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,000 units. The costs and percentage completion of these units in beginning inventory were: Particulars- Cost -Percent Complete Materials costs- $ 6,100 - 50% Conversion costs -$ 2,300 - 20% A total of 7,400 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Particulars - Cost Materials costs - $ 159,300 Conversion costs - $ 121,000 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month?
A.
1,700
B.
1,200
C.
700
D.
6,400
Question #5
Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,400 units. The costs and percentage completion of these units in beginning inventory were: Particulars - Cost - Percent Complete Materials costs -$ 7,000 - 60% Conversion costs - $ 10,300 -55% A total of 10,500 units were started and 8,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Particulars - Cost Materials costs -$ 96,800 Conversion costs -$ 171,000 The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month?
A.
4,000
B.
8,100
C.
1,600
D.
1,800
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