Question : 116.Pilot Protectors manufactures pocket knives in three processes and uses : 1302715

 

 

116.Pilot Protectors manufactures pocket knives in three processes and uses process costing. All materials are added at the start of the Forming Department process. The following unit information is available for March production for the Forming Department:

Beginning Work in Process (20% complete)              2,000

Plus: Units started              34,000

Units to account for              36,000

Less: Ending Work in Process (70% complete)                4,000

Units completed              32,000

 

The following costs are available for March for the Forming Department:

MaterialConversion CostTotal Cost

Beginning Work in Process              $ 11,800              $ 22,500              $   34,300

Current cost                65,600                64,500                 130,100

Total cost              $77,400              $87,000              $164,400

What is the total amount to be debited to the Forming Department’s Work in Process inventory account during March?

A.$130,100

B.$164,400

C.$13,228

D.$15,600

 

117.Pilot Protectors manufactures pocket knives in three processes and uses process costing. All materials are added at the start of the Forming Department process. The following information is available for March production for the Forming Department:

Beginning Work in Process (20% complete)    2,000

Plus: Units started              34,000

Units to account for              36,000

Less: Ending Work in Process (70% complete)                4,000

Units completed              32,000

 

The following costs are available for March:

MaterialConversion CostTotal Cost

Beginning Work in Process              $ 11,800              $  22,500              $   34,300

Current cost              65,600                64,500                 130,100

Total cost              $77,400              $87,000              $164,400

What are the equivalent units for conversion costs in the Forming Department?

A.32,000 units

B.36,000 units

C.34,800 units

D.2,800 units

 

118.Pilot Protectors manufactures pocket knives in three processes and uses process costing. All materials are added at the start of the Forming Department process. The following information is available for March production for the Forming Department:

Beginning Work in Process (20% complete)    2,000

Plus: Units started              34,000

Units to account for              36,000

Less: Ending Work in Process (70% complete)                4,000

Units completed              32,000

 

The following costs are available for March:

MaterialConversion CostTotal Cost

Beginning Work in Process              $ 11,800              $  22,500              $   34,300

Current cost              65,600                64,500                 130,100

Total cost              $77,400              $87,000              $164,400

What is the cost per equivalent unit for materials?

A.$2.15

B.$2.50

C.$2.22

D.$4.72

 

119.Pilot Protectors manufactures pocket knives in three processes and uses process costing. All materials are added at the start of the Forming Department process. The following information is available for March production for the Forming Department:

Beginning Work in Process (20% complete)    2,000

Plus: Units started              34,000

Units to account for              36,000

Less: Ending Work in Process (70% complete)                4,000

Units completed              32,000

 

The following costs are available for March:

MaterialConversion CostTotal Cost

Beginning Work in Process              $ 11,800              $  22,500              $   34,300

Current cost              65,600                64,500                 130,100

Total cost              $77,400              $87,000              $164,400

What is the cost of goods transferred to the next processing department during March?

A.$15,600

B.$148,800

C.$167,400

D.$130,100

120.Keystone Snow Boards Manufacturing Company produces entry-level snowboards and uses process costing. All materials are added at the start of the process. The following information on units is available for September production for the company’s Cutting Department:

Beginning Work in Process, 30% complete for conversion costs              14,000

Units started              125,000

Ending Work in Process, 60% complete for conversion costs              15,000

Units completed              124,000

 

The following costs are available for September:

MaterialConversion CostTotal Cost

Beginning Work in Process              $  8,200              $  1,350              $    9,550

Current cost                70,600                47,120                117,720

Total cost              $78,800              $48,470              $127,270

What is the dollar amount of the total costs to account for September in the Cutting Department?

A.$127,270

B.$117,720

C.$48,470

D.$78,800

 

121.Keystone Snow Boards Manufacturing Company produces entry-level snowboards and uses process costing. All materials are added at the start of the process. The following information on units is available for September production for the company’s Cutting Department:

Beginning Work in Process, 30% complete for conversion costs              14,000

Units started              125,000

Ending Work in Process, 60% complete for conversion costs              15,000

Units completed              124,000

 

The following costs are available for September:

MaterialConversion CostTotal Cost

Beginning Work in Process              $  8,200              $  1,350              $    9,550

Current cost                70,600                47,120              117,720

Total cost              $78,800              $48,470              $127,270

What are the equivalent units for conversion costs in September?

A.139,000 units

B.124,000 units

C.133,000 units

D.140,000 units

 

 

122.Keystone Snow Boards Manufacturing Company produces entry-level snowboards and uses process costing. All materials are added at the start of the process. The following information on units is available for September production for the company’s Cutting Department:

Beginning Work in Process, 30% complete for conversion costs              14,000

Units started              125,000

Ending Work in Process, 60% complete for conversion costs              15,000

Units completed              124,000

 

The following costs are available for September:

MaterialConversion CostTotal Cost

Beginning Work in Process              $  8,200              $  1,350              $    9,550

Current cost                70,600                47,120                117,720

Total cost              $78,800              $48,470              $127,270

Assume equivalent units for materials are 157,600 units. How much is the cost per unit for materials?

A.$0.50

B.$0.81

C.$0.57

D.$2.00

 

123.Rooftop Gutters produces polyurethane gutters and uses process costing. All materials are added at the start of the Forming Department process. The following information is available for units produced in the Forming Department for the month of April:

Beginning Work in Process, in linear feet

(20% complete with respect to conversion costs)              11,500

Units started              42,000

Ending Work in Process, in linear feet

(60% complete with respect to conversion costs)              9,000

Units completed              44,500

 

The following costs are available for April:

MaterialConversion CostTotal Cost

Beginning Work in Process              $11,600              $  8,540              $   20,140

Current cost                63,300                21,400                 84,700

Total cost              $74,900              $29,940              $104,840

What is the sum of total costs to account for?

A.$74,900

B.$104,840

C.$29,940

D.$144,760

124.Rooftop Gutters produces polyurethane gutters and uses process costing. All materials are added at the start of the Forming Department process. The following information is available for units produced in the Forming Department for the month of April:

Beginning Work in Process, in linear feet

(20% complete with respect to conversion costs)              11,500

Units started              42,000

Ending Work in Process, in linear feet

(60% complete with respect to conversion costs)              9,000

Units completed              44,500

 

The following costs are available for April:

MaterialConversion CostTotal Cost

Beginning Work in Process              $11,600              $  8,540              $   20,140

Current cost                63,300                21,400                 84,700

Total cost              $74,900              $29,940              $104,840

What are the equivalent units for conversion costs?

A.53,500 units

B.5,400 units

C.9,000 units

D.49,900 units

 

125.Rooftop Gutters produces polyurethane gutters and uses process costing. All materials are added at the start of the Forming Department process. The following information is available for units produced in the Forming Department for the month of April:

Beginning Work in Process, in linear feet

(20% complete with respect to conversion costs)              11,500

Units started              42,000

Ending Work in Process, in linear feet

(60% complete with respect to conversion costs)              9,000

Units completed              44,500

 

The following costs are available for April:

MaterialConversion CostTotal Cost

Beginning Work in Process              $11,600              $  8,540              $   20,140

Current cost                63,300                21,400                 84,700

Total cost              $74,900              $29,940              $104,840

What is the cost per equivalent unit for materials?

A.$0.56

B.$2.00

C.$1.40

D.$1.5

 

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