Question :
144. Which of the following industries would normally use job order : 1251561
144. Which of the following industries would normally use job order costing systems and which would normally use process costing systems?Business consultingChemicalsFoodMovieSoap and cosmeticsWeb designer
Business consultant
Job Order
Chemicals
Process
Food
Process
Movie studio
Job Order
Soap and cosmetics
Process
Web designer
Job order
145. The Mountain Springs Water Company has two departments. Purifying and Bottling. The Bottling Department received 67,000 liters from the Purifying Department. During the period, the Bottling Department completed 65,000 liters, including 3,000 liters of work in process at the beginning of the period. The ending work in process was 5,000 liters. How many liters were started and completed during the period?
62,000 liters started and completed (65,000 completed – 3,000 beginning WIP)
146. The Mountain Springs Water Company has two departments. Purifying and Bottling. The Bottling Department received 65,000 liters from the Purifying Department. During the period, the Bottling Department completed 63,000 liters, including 4,000 liters of work in process at the beginning of the period. The ending work in process was 6,000 liters. How many liters were started and completed during the period?
59,000 liters started and completed (63,000 completed – 4,000 beginning WIP)
147. The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,000 liters in beginning work in process inventory (30% complete). During the period 71,000 liters were completed. The ending work in process was 5,000 liters (70% completed). What are the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process?
Whole Units
Equivalent Units
Inventory in process, beginning of period
3,000
´ 0%
0
Started and completed during the period
68,000
´ 100%
68,000
Transferred out of Bottling (completed)
71,000
68,000
Inventory in process, end of period
5,000
´ 100%
5,000
Total units to be assigned costs
76,000
73,000
148. The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 8,000 liters in beginning work in process inventory (60% complete). During the period 70,000 liters were completed. The ending work in process was 3,000 liters (60% completed). What are the total equivalent units for direct materials under the FIFO method if materials were added at the beginning of the process?
Whole Units
Equivalent Units
Inventory in process, beginning of period
8,000
´ 0%
0
Started and completed during the period
62,000
´ 100%
62,000
Transferred out of Bottling (completed)
70,000
62,000
Inventory in process, end of period
3,000
´ 100%
3,000
Total units to be assigned costs
73,000
65,000
149. The Bottling Department of Mountain Springs Water Company had 5,000 liters in beginning work in process inventory (20% complete). During the period, 58,000 liters were completed. The ending work in process inventory was 3,000 liters (90% complete). What are the equivalent units for conversion costs under the FIFO method?
