Question :
128.The Wrapping Department’s output during the period consists of 17,000 : 1311653
128.The Wrapping Department’s output during the period consists of 17,000 units completed and transferred out, and 900 units in ending work in process that were 75% complete as to materials and conversion costs. Beginning inventory was 1,200 units that were 30% complete as to materials and conversion costs. Under the FIFO method, what are the equivalent units of production for materials?
a.18,035
b.18,515
c.17,675
d.17,315
129.Chicotti Company has 6,000 units in beginning work in process, 30% complete as to conversion costs, 60,000 units transferred out to finished goods, and 2,000 units in ending work in process 20% complete as to conversion costs. The beginning and ending inventory is fully complete as to materials costs. How much are equivalent units for conversion costs if the FIFO method is used?
a.60,400
b.64,600
c.56,000
d.58,600
130.Chicotti Company has 6,000 units in beginning work in process, 30% complete as to conversion costs, 60,000 units transferred out to finished goods, and 2,000 units in ending work in process 20% complete as to conversion costs. The beginning and ending inventory is fully complete as to materials costs. How much are equivalent units for materials if the FIFO method is used?
a.60,400
b.62,000
c.56,000
d. 68,000131.Schiller Company has unit costs of $3 for materials and $9 for conversion costs. There are 5,600 units in ending work in process which are 25% complete as to conversion costs, and fully complete as to materials cost. How much is the total cost assigned to the ending work in process inventory if the FIFO method is used?
a.29,400
b.67,200
c.16,800
d.12,600
132.Solis Company uses the FIFO method to compute equivalent units. It has 4,000 units in beginning work in process, 20% complete as to conversion costs and 50% complete as to materials costs, 55,000 units started, and 6,000 units in ending work in process, 30% complete as to conversion costs, and 80% complete as to materials cost. How much are the equivalent units for materials under the FIFO method?
a.55,800
b.55,000
c.57,800
d.59,000
133.Special Company had the following department information about physical units and percentage of completion:
Physical Units
Work in process, May 1 (60%)36,000
Completed and transferred out65,000
Work in process, May 31 (50%)30,000
Materials are added at the beginning of the production process. Conversion costs are added equally throughout production. What is the total number of equivalent units during May for conversion costs if the FIFO method is used?
a.131,000
b.80,000
c.58,400
d.109,400
134.Hanker Company had the following department data on physical units:
Work in process, beginning2,500
Completed and transferred out14,000
Work in process, ending2,000
Materials are added at the beginning of the process. What is the total number of equivalent units for materials if the FIFO method is used?
a.14,500
b.13,500
c.16,000
d.11,500
135.A process cost system would be used by all of the following except a(n)
a.chemical company.
b.advertising company.
c.oil company.
d.computer chip company.
136. Which of the following is considered a difference between a job order cost and a process cost system?
a.The manufacturing cost elements.
b.Documents used to track costs.
c.The accumulation of the costs of materials, labor, and overhead.
d.The flow of costs.
137.The basic similarities between job order cost and process cost systems include all of the following except the
a.manufacturing cost elements.
b.flow of costs.
c.point at which costs are totaled.
d.accumulation of the costs of materials, labor, and overhead.
