Question :
11) What the conversion cost per equivalent unit in June? : 1211880
11) What is the conversion cost per equivalent unit in June?
A) $552.00
B) $541.24
C) $441.24
D) $428.00
12) What amount of direct materials costs is assigned to the ending Work-in-Process account for June?
A) $82,800
B) $62,100
C) $37,240
D) $30,454
13) What amount of conversion costs is assigned to the ending Work-in-Process account for June?
A) $82,800.50
B) $49,639.50
C) $66,186.50
D) $38,256.50
Answer the following questions using the information below:
Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department, the Programming department, and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Shiffon Electronics uses weighted-average costing.
The following information is available for the month of March 2015 for the Assembly department.
Work in process, beginning inventory300 units
Conversion costs (30% complete)
Units started during April800 units
Work in process, ending inventory:100 units
Conversion costs (50% complete)
The cost details for the month of March are as follows:
Work in process, beginning inventory:
Direct materials$345,000
Conversion costs$360,000
Direct materials costs added during April$700,000
Conversion costs added during April$1,120,000
14) What are the equivalent units for direct materials and conversion costs, respectively, for March?
A) 1,100 units; 1,100 units
B) 1,050 units; 1,100 units
C) 1,100 units; 1,050 units
D) 1000 units; 1050 units
15) What is the total amount debited to the Work-in-Process account during the month of March?
A) $2,525,000
B) $2,180,000
C) $1,820,000
D) $700,000
16) What is the direct materials cost per equivalent unit during March?
A) $995
B) $950
C) $636
D) $313
17) What is the conversion cost per equivalent unit in March?
A) $1,595.52
B) $1,409.52
C) $1,345.52
D) $1,066.52
18) What amount of direct materials costs is assigned to the ending Work-in-Process account for March?
A) $31,363
B) $63,636
C) $75,075
D) $95,000
19) What amount of conversion costs is assigned to the ending Work-in-Process account for April?
A) $140,952
B) $95,000
C) $70,476
D) $247,500
Answer the following questions using the information below:
The Swivel Chair Company manufacturers a standard recliner. During February, the firm’s Assembly Department started production of 145,000 chairs. During the month, the firm completed 175,000 chairs and transferred them to the Finishing Department. The firm ended the month with 18,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by Swivel.
20) How many chairs were in inventory at the beginning of the month? Conversion costs are incurred uniformly over the production cycle.
A) 8,000 chairs
B) 18,000 chairs
C) 38,000 chairs
D) 48,000 chairs
