Question : 111. The following data available for a company’s manufacturing activities: Beginning : 1256523

111. The following data are available for a company’s manufacturing activities: 

Beginning goods in process inventory

5,000 units, 1/4 of the labor added this period

Units started and completed

15,000

Ending goods in process inventory

6,000 units, 1/2 of the labor added this period

Assume the company uses the weighted-average inventory method. If materials are added when the production process begins and direct labor is applied uniformly throughout the process, what are the equivalent units for direct materials and for direct labor, respectively?A.  21,000; 23,000B.  26,000; 19,250C.  21,000; 19,250D.  26,000; 23,000

E.  19,250;19,250

112. At the beginning of the recent period, there were 900 units of product in a department, one-third completed. These units were finished and an additional 5,000 units were started and completed during the period. 800 units were still in process at the end of the period, one-fourth completed. Using the FIFO valuation method, the equivalent units produced by the department were:A.  6,700 units.B.  5,900 units.C.  5,800 units.D.  6,100 units.E.  8,500 units.

113. At the beginning of the recent period, there were 900 units of product in a department, one-third completed. These units were finished and an additional 5,000 units were started and completed during the period. 800 units were still in process at the end of the period, one-fourth completed. Using the weighted-average valuation method, the equivalent units produced by the department were:A.  6,700 units.B.  5,900 units.C.  5,800 units.D.  6,100 units.E.  8,500 units.

114. During a period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were one-fifth complete with respect to direct labor at the beginning of the period and 30,000 were started and completed during the period. Also, during the period, 10,000 units were started but brought only to a stage of being htree-fifths completed. Using the FIFO inventory valuation method, the number of equivalent units produced by Department A during the period was:A.  46,000 units.B.  50,000 units.C.  52,000 units.D.  54,000 units.E.  56,000 units.

115. During a period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were one-fifth complete with respect to direct labor at the beginning of the period and 30,000 were started and completed during the period. Also, during the period, 10,000 units were started but brought only to a stage of being three-fifths completed. Using the weighted-average inventory valuation method, the number of equivalent units of labor added by the end of the period was:A.  46,000 units.B.  50,000 units.C.  52,000 units.D.  54,000 units.E.  56,000 units.

116. A company uses a process cost accounting system. Its Sewing Department’s beginning inventory consisted of 50,000 units (1/4 complete with respect to direct labor and overhead). The Sewing Department started and finished 120,000 units this period. Its ending inventory consists of 40,000 units (1/4 complete with respect to direct labor and overhead). All direct materials are added at the beginning of the process. Under FIFO what are the equivalent units of production for the Sewing Department for direct materials and for direct labor and overhead, respectively?A.  210,000;120,000B.  210,000; 180,000C.  167,500; 167,500D.  160,000; 162,500E.  160,000; 167,500

117. A company uses a process cost accounting system. Its Sewing Department’s beginning inventory consisted of 50,000 units (1/4 complete with respect to direct labor and overhead). The Sewing Department started and finished 120,000 units this period. Its ending inventory consists of 40,000 units (1/4 complete with respect to direct labor and overhead). All direct materials are added at the beginning of the process. Under the weighted-average inventory valuation method, what are the equivalent units of production for the Sewing Department for direct materials and for direct labor and overhead, respectively?A.  210,000;120,000B.  210,000; 180,000C.  167,500; 167,500D.  160,000; 162,500E.  160,000; 167,500

Reference: 16_03

Medina Corp. had the following information available for the year:  

Beginning inventory of goods in process (40% complete, $1,100)

200 units

Ending inventory of goods in process (80% complete)

400 units

Total units started during the year

3,200 units

118. FIFO equivalent units of production for the year are:A.  3,320 units.B.  3,200 units.C.  3,240 units.D.  3,520 units.E.  3,420 units.

119. The number of units transferred to finished goods during the year is:A.  3,200 units.B.  3,000 units.C.  3,400 units.D.  3,160 units.E.  3,500 units.

120. If the weighted-average inventory method were used, the equivalent units for the year would be:A.  3,320B.  3,200C.  3,240D.  3,520E.  3,230