Question : 98.              In the month of April, a department had 500 : 1311650

98.              In the month of April, a department had 500 units in the beginning work in process inventory that were 60% complete. These units had $40,000 of materials costs and $30,000 of conversion costs. Materials are added at the beginning of the process and conversion costs are added uniformly throughout the process. During April, 10,000 units were completed and transferred to the finished goods inventory and there were 2,000 units that were 25% complete in the ending work in process inventory on April 30. During April, manufacturing costs charged to the department were:  Materials $920,000; Conversion costs $1,020,000.

The cost assigned to the units in the ending work in process inventory on April 30 was

a.$240,000.

b.$210,000.

c.$160,000.

d.$290,000.

99.              Zibba Company enters materials at the beginning of the process. In January, there was no beginning work in process, but there were 200 units in the ending work in process inventory. The number of units completed equals the number of

a.units started.

b.units started less 200.

c.units started plus 200.

d.equivalent units.

100.If there are no units in process at the beginning of the period, then

a.the company must be using a job order cost system.

b.only one computation of equivalent units of production will be necessary.

c.the units started into production will equal the number of units transferred out.

d.the units to be accounted for will equal the units transferred out and the units in process at the end of the period.

101.Which of the following is not a necessary step in preparing a production cost report?

a.Compute the equivalent units of production.

b.Compute the physical unit flow.

c.Prepare the job order cost sheet.

d.Prepare a cost reconciliation schedule.

102.Honrad Company’s Assembly Department has materials cost at $4 per unit and conversion cost at $8 per unit. There are 20,000 units in ending work in process, all of which are 70% complete as to conversion costs. How much are total costs to be assigned to inventory?

a.$112,000.

b.$192,000.

c.$168,800.

d.$240,000.

103.In a process cost system, units to be accounted for in a department are equal to the

a.number of units started or transferred into the department.

b.number of units transferred out of the department.

c.units in the beginning inventory plus the units started or transferred into the department.

d.ending inventory plus the units started or transferred into the department.

104.The total units accounted for equals units in

a.beginning work in process – units transferred out.

b.beginning work in process + ending work in process.

c.ending work in process + units transferred out.

d.ending work in process – units started into production.

105.The Slicing Department production process shows:

Units

Beginning Work in Process10,000

Ending Work in Process50,000

Total units to be accounted for160,000

How many units were started into production in Department 1?

a.170,000.

b.110,000.

c.160,000.

d.150,000.

106.Department 1 of a two department production process shows:

Units

Beginning Work in Process10,000

Ending Work in Process50,000

Total units to be accounted for160,000

How many units were transferred out to Department 2?

a.50,000.

b.110,000.

c.160,000.

d.150,000.

107.The Assembly Department shows the following information:

Units

Beginning Work in Process20,000

Ending Work in Process50,000

Units Transferred Out31,000

How many total units are to be accounted for by the Assembly Department?

a.81,000.

b.50,000.

c.70,000.

d.61,000.