Question :
90.At the beginning of the recent period, there were 900 : 1236667
90.At the beginning of the recent period, there were 900 units of product in a department, 35% completed. These units were finished and an additional 5,000 units were started and completed during the period. 800 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:
A.5,000 units.
B.5,900 units.
C.6,100 units.
D.5,500 units.
E.6,700 units.
91.A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 50,000 units to Department C. Also in Department B during the period, 10,000 units were started but brought only to a stage of being 60% completed. The number of equivalent units produced by Department B during the period was:
A.44,000 units.
B.50,000 units.
C.54,000 units.
D.56,000 units.
E.60,000 units.
92.Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. The number of units transferred to finished goods during the year is:
A.3,200 units.
B.3,000 units.
C.3,400 units.
D.3,160 units.
E.3,500 units.
93.Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Equivalent units of production for the year are:
A.3,200 units.
B.3,320 units.
C.3,240 units.
D.3,520 units.
E.3,800 units.
94.A company uses a process costing system. Its Weaving Department completed and transferred out 120,000 units during the current period. The ending inventory in the Weaving Department consists of 40,000 units (20% complete with respect to direct materials and 60% complete with respect to conversion costs). Determine the equivalent units of production for the Weaving Department for direct materials and conversion costs assuming the weighted average method.
A.120,000; 120,000
B.120,000; 160,000
C.128,000; 120,000
D.128,000; 144,000
E.128,000; 184,000
95.A company uses a process costing system. Its Welding Department completed and transferred out 100,000 units during the current period. The ending inventory in the Welding Department consists of 30,000 units (75% complete with respect to direct materials and 40% complete with respect to conversion costs).Determine the equivalent units of production for the Welding Department for direct materials and conversion costs assuming the weighted average method.
A.130,000; 130,000
B.130,000; 112,000
C.107,500; 118,000
D.122,500; 112,000
E.112,500; 130,000
96.A process cost summary is a managerial accounting report that describes all but which of the following?
A.The gross profit earned on the sale of products.
B.The equivalent units of production by the department.
C.How the costs were assigned to the output?
D.Physical transfers for a department.
E.The costs charged to a department.
97.Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. Work in Process, May 1 (50,000 units, 100% complete for direct materials, 40% complete with respect to conversion costs; includes $70,500 of direct material cost; $34,050 of conversion costs).
A.$1.52; $1.81.
B.$1.50; $1.76.
C.$1.83; $1.72.
D.$1.71; $1.81.
E.$3.30; $3.30.
98.Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting Department. Conversion costs are incurred uniformly throughout the manufacturing process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Information for the Cutting Department for the month of May follows. Work in Process, May 1 (50,000 units, 100% complete for direct materials, 40% complete with respect to direct labor and overhead; includes $70,500 of direct material cost; $34,050 of conversion costs).
A.225,000; 225,000
B.200,000; 195,000
C.275,000; 200,000
D.225,000; 195,000
E.200,000; 200,000
99.The following data are available for a company’s manufacturing activities:
A.16,250; 19,250.
B.16,250; 21,750.
C.21,000; 19,250.
D.19,250; 18,750.
E.21,000; 22,250.
