Question : 31. During one month, 3,000 units of a product were completed : 1197773

31. During one month, 3,000 units of a product were completed and 800 units were 20 percent complete and still in process. The equivalent production for the month is 

A. 3,800 units.

B. 4,000 units.

C. 3,040 units.

D. 3,160 units.

3,000 + (800 x 20%).

32. The ending Work in Process inventory in the mixing department contains 300 units that are 70% complete with respect to labor costs. How many equivalent units are in the ending inventory? 

A. 300 units.

B. 140 units.

C. 70 units.

D. 210 units.

33. Process cost accounting is most appropriate 

A. when there is continuous production on a single product.

B. when a company produces more than one product in batches rather than on a continuous basis.

C. for companies with either continuous or batch processing of different products.

D. for all manufacturing companies.

34. A firm had 600 units in its work in process inventory at the beginning of a month. Of these units, 30 percent were complete with respect to labor, materials, and overhead. The firm transferred 5,000 units to the finished goods inventory during the month. It had 500 units of which 40 percent were complete and still in process at the end of the month. Equivalent production for the month was 

A. 5,680 units.

B. 5,380 units.

C. 5,200 units.

D. 5,180 units.

5000 + (500 x 40%).

35. McGill Manufacturing had 900 units in its work in process inventory at the beginning of a month. Of these units, 40 percent were complete with respect to labor, and 100% complete with respect to materials, and overhead. The firm transferred 4,000 units to the finished goods inventory during the month. It had 600 units of which 30 percent were complete and still in process at the end of the month. Equivalent production for the month was 

A. 4,600 units.

B. 4,420 units.

C. 4,240 units.

D. 4,180 units.

4000 + (600 x 30%).

36. A firm had no work in process at the beginning of a month. It transferred 4,000 units to finished goods during the month, and 500 units were still in process at the end of the month. Equivalent production for the month was 4,400 units. At what stage of completion were the unfinished units at the end of the month? 

A. 67 percent

B. 75 percent

C. 20 percent

D. 80 percent

37. Fraser Manufacturing had no work in process at the beginning of a month. It transferred 6,000 units to finished goods during the month, and 800 units were still in process at the end of the month. Equivalent production for the month was 6,480 units. At what stage of completion were the unfinished units at the end of the month? 

A. 60 percent

B. 40 percent

C. 30 percent

D. 80 percent

38. Unit Manufacturing Company had no work in process at the beginning of a month. At the end of the month, 600 units were still in process at the end of the month, and were 40% complete. Equivalent production for the month was 5,240 units. How many units were transferred out of production to finished goods during the month? 

A. 5,240 units.

B. 5,000 units.

C. 4,760 units.

D. 4,400 units.

5,240 – (600 x 40%).

39. Equivalent production units may be computed 

A. for labor only.

B. for labor and materials only.

C. for labor, materials, and manufacturing overhead.

D. for materials and manufacturing overhead only.

40. During the month, 1,600 units of a product were completed and 900 units were two-thirds complete with respect to labor and still in process. The total equivalent units of production for labor for the month is 

A. 2,200 units.

B. 2,400 units.

C. 2,500 units.

D. 2,600 units.

1,600 + 600.