Question : 106.Sanchez, Inc. uses process costing. Equivalent units for its Molding : 1302714

106.Sanchez, Inc. uses process costing. Equivalent units for its Molding Department totaled 18,600 during January for conversion costs. 15,000 units were transferred out of the Molding Department to the Finishing Department during the month. If the items remaining in ending Work in Process inventory are 40% complete as to conversion costs and 80% complete as to materials, how many physical units are there in ending Work in Process inventory in the Molding Department?

A.24,000 units

B.15,000 units

C.4,500 units

D.9,000 units

107.Wilson Carver Knives uses process costing. In its Cutting Department, all the materials are added at the beginning of the process and conversion costs are added evenly during the processing. During the first month of operations, the Cutting Department transferred 78,000 units to the Packing Department. The Cutting Department’s ending Work in Process inventory consisted of 3,800 units that were 40% complete. What are the equivalent units for materials and for conversion costs in the Cutting Department, respectively?

A.81,800 and 81,800 units

B.81,800 and 79,520 units

C.79,520 and 79,520 units

D.78,000 and 81,800 units

108.The Packaging Department is the final processing department in Hector Manufacturing. During March, 5,100 units were transferred into the Packaging Department from the Finishing Department and 4,700 units were transferred out to Finished Goods. There were 900 units in ending inventory in the Packaging Department. How many equivalent units are used to calculate the cost per equivalent unit for transferred-in costs in the Packaging Department?

A.4,700 units

B.5,600 units

C.5,200 units

D.5,100 units

109.The Cooking Department is the third department at Winslow Rice Production. During February, there were 8,000 units of beginning inventory in the Cooking Department, and 50,000 units were transferred in from the prior process. There were 4,000 units in ending inventory. The transferred-in cost in the beginning inventory was $80,000, with $900,000 of additional cost for units transferred in during the month. What is the cost per equivalent unit for transferred-in cost?

A.$15.52

B.$16.90

C.$18.15

D.There is not enough information to answer the question

110.The Mixing Department is the first processing department in Sweet N’ Plenty. The beginning Work in Process inventory had a value of $17,700 for conversion costs and additional conversion costs of $214,000 were incurred by the department during the month. There were 2,000 units in ending Work in Process inventory that were 10% complete and 66,000 units were transferred out of the department during the month. The company uses process costing. What is the cost per equivalent unit for conversion costs?

A.$3.50

B.$34.07

C.$3.41

D.There is not enough information to answer the question

111.Riley Company uses process costing. Its Forming Department had 10,000 equivalent units of production for direct materials and 7,500 equivalent units of production for conversion costs in May. There were 2,000 units in beginning inventory. Costs were incurred in May as follows:

Direct MaterialConversionTotal

Beginning Work in Process              $  3,000              $  1,500                $  4,500

Incurred during May                12,800                15,500                28,300

Total              $15,800              $17,000              $32,800

What is the total cost per equivalent unit?

A.$3.85

B.$3.28

C.$4.37

D.$1.87

112.Sullivan Company uses process costing. Its Sewing Department had an equivalent cost per unit for direct materials of $0.75 and for conversion costs of $0.50 during May. There were 20,000 units completed and transferred to Finished Goods, and 8,000 units in ending Work in Process inventory that were 100% complete with respect to direct material and 75% complete with respect to conversion costs. What was the amount transferred to Finished Goods?

A.$25,000

B.$34,000

C.$9,000

D.$6,000

113.Fox Lane Gifts uses process costing and determined an equivalent cost per unit of $0.90 for direct materials and $0.70 for conversion costs during May. There were 9,000 units completed and transferred to Finished Goods, and 1,200 units in ending Work in Process Inventory that were 100% complete with respect to direct materials and 40% complete with respect to conversion costs. What was the ending Work in Process inventory?

A.$6,636

B.$768

C.$1,416

D.$15,816

114.Realm Company uses process costing and had an equivalent cost of $2.30 per unit for direct materials and $1.80 per unit for conversion costs during May in its Rolling Department. There were 11,600 units completed and transferred to Finished Goods, and 1,000 units in ending Work in Process inventory that were 80% complete with respect to direct material and 60% complete with respect to conversion costs. How much is the cost of completed goods transferred to Finished Goods from the Rolling Department?

A.$2,920

B.$47,560

C.$50,480

D.$53,360

115.Realm Company uses process costing and had an equivalent cost of $2.30 per unit for direct materials and $1.80 per unit for conversion costs during May in its Rolling Department. There were 11,600 units completed and transferred to finished goods, and 1,000 units in ending Work in Process inventory for the Rolling Department that were 80% complete with respect to direct material and 60% complete with respect to conversion costs. How much is ending Work in Process in the Rolling Department?

A.$47,560

B.$50,480

C.$2,920

D.$3,220