Question

Materials costs of $850000 and conversion costs of $1105000 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 17000 units were started into production in September, and there were 8000 units in ending work in process that were 50% complete at the end of September.

What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September?

$2295000.

$1755000.

$1035000.

$1215000.

Materials costs of $1140000 and conversion costs of $1450000 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 25000 units were started into production in September, and there were 4500 units in ending work in process that were 40% complete at the end of September.

What was the total amount of manufacturing costs assigned to work in process ending inventory at the end of September? (For the intermediate calculations of unit material cost and unit conversion cost, round to four decimal points.)

$322240.

$205200.

$466200.

$684000.

Concord Industries has equivalent units of 7100 for materials and for conversion costs. Total manufacturing costs are $124370. Total materials costs are $91000. How much is the conversion cost per unit?

$4.70.

$17.52.

$30.33.

$12.82.

In Bramble, Inc., the Assembly Department started 59600 units and completed 69700 units. If beginning work in process was 30000 units, how many units are in ending work in process?

10100.

39700.

0.

19900.

Answer 1

1) Equivalent unit of material = 17000

Equivalent unit of conversion = 9000+(8000*50%) = 13000

Cost per equivalent unit of material = 850000/17000 = 50

Cost per equivalent unit of conversion = 1105000/13000 = 85

Cost of unit transferred out = (50+85)*9000 = 1215000

So answer is d) $1215000

2) Equivalent unit of material = 25000

equivalent unit of conversion = 20500+(4500*40%) = 22300

Cost per equivalent unit of material = 1140000/25000 = 45.6

Cost per equivalent unit of conversion = 1450000/22300 = 65.0224

Cost of ending WIP = (4500*45.6+1800*65.0224) = 322240

So answer is a) $322240

3) Conversion cost per unit = (124370-91000)/7100 = 4.7

So answer is a) $4.70

4) Ending work in process = 30000+59600-69700 = 19900

So answer is d) 19900