Question :
66.Weed Wackers uses process costing and has provided data for : 1302710
66.Weed Wackers uses process costing and has provided data for its Processing Department for June as follows:
UnitsCost of Materials
Beginning Work in Process inventory 2,000 $21,020
Units started in June 77,000 48,500
Units completed 75,600
Ending Work in Process inventory 3,400
All materials are added at the beginning of the manufacturing process. How much is the cost per equivalent unit for materials?
A.$0.88
B.$1.03
C.$0.61
D.Some other answer
67.In the Assembly Department, all the direct materials are added at the beginning of processing. Beginning Work in Process Inventory consists of 2,000 units with a direct materials cost of $31,860. During the period, 15,000 units are started and direct materials costing $250,000 are charged to the department. If there are 1,000 units in ending inventory, what is the cost per equivalent unit for materials, assuming the company uses a process costing system?
A.$15.93
B.$15.63
C.$14.83
D.$16.58
68.Mickler Productions uses process costing. Its Mixing Department incurred conversion costs of $650,820 during January, and had a beginning Work in Process inventory of $30,430 for conversion costs. 54,000 units were transferred out of the department, and the ending inventory consisted of 2,500 units that are 20% complete with respect to conversion costs. What is the conversion cost per equivalent unit?
A.$12.50
B.$12.05
C.$12.17
D.$12.62
69.ColorWorks’ Painting Department uses a process costing system. It had a beginning Work in Process Inventory of 160 units, which had direct material costs of $17,215. During June, 8,600 units were started and costs of $213,600 were incurred for direct materials. Ending inventory consists of 250 units, which are 80% complete with respect to direct materials. What is the cost per equivalent unit for direct materials?
A.$26.09
B.$26.23
C.$26.35
D.$26.50
70.A company that uses process costing has 1,000 units in ending Work in Process Inventory that are 100% complete with respect to materials and 80% complete with respect to conversion costs. The cost per unit for inventory is $2.15 for materials and $1.65 for conversion costs. What is the cost assigned to the ending Work in Process inventory?
A.$3,470
B.$3,800
C.$3,040
D.$2,150
71.Zanzibar Metals utilizes a process costing system with three processing departments—melting, molding, and packaging. Its Melting Department had 500 units in Work in Process inventory at June 1. Ending Work in Process inventory on June 30 consisted of 400 units. Materials are added at the beginning of the process. The beginning cost of materials totaled $900. The cost of materials added during June was $3,960. If the material cost per unit for June was $1.35, how many units would have been completed and transferred out during the period?
A.3,600 units
B.3,200 units
C.2,933 units
D.3,100 units
72.Jeffery Ltd uses a process costing system. Its Spackling Department had no beginning Work in Process inventory. The department added direct materials of $200,000 and conversion costs of $321,300 during the period. Materials are added at the beginning of the process and conversion costs are added evenly throughout the process. During the period 75,000 units were completed, and at the end of the period, 5,000 units remained which were 30% complete. How much is transferred to the Finished Goods inventory account during the period?
A.$521,300
B.$488,719
C.$502,500
D.$556,053
73.Wilson Inc. uses process costing. Its Sanitizing Department had no beginning Work in Process inventory, though it added materials of $120,000 and conversion costs totaling $160,000 during May. Materials are added at the beginning of the process and conversion costs are added evenly throughout the process. During May, 75,000 units were completed. The May 31 Work in Process inventory balance consisted of 25,000 units that were 20% complete. What is the cost of the ending Work in Process inventory?
A.$240,000
B.$56,000
C.$280,000
D.$40,000
74.Z-Bar Sweets uses a process costing system. During August, the Mixing Department transferred out 65,000 units. On August 31, the Mixing Department held 22,000 equivalent units of material and 20,150 equivalent units of labor and overhead. The cost per equivalent unit was $5.50 for materials and $5.00 for labor and overhead. How much was the total balance in the Work in Process inventory account on August 31?
A.$271,250
B.$463,750
C.$221,750
D.$192,500
75.For the month of June, Starlight Chocolates had a cost per equivalent unit of $2.50 for materials and $0.40 for conversion costs in its Mixing Department. The company began June with 12,000 pounds of chocolate in production. By the end of the month, the company had completed 180,000 pounds of chocolate, and 9,000 pounds were in process. The in-process units were 100 percent complete with respect to material and 40 percent complete with respect to labor and overhead. How much is the cost of the ending Work in Process Inventory in the Mixing Department?
A.$23,940
B.$26,100
C.$22,500
D.$10,440
