Question :
Use the information below to answer the following question(s).
Carnival Furniture : 1186081
Use the information below to answer the following question(s).
Carnival Furniture had 60,000 foam cushions in process at May 1 (70% converted) and 40,000 cushions in process at May 31 (50% converted). All direct materials are added at the beginning of the production process. During the month, 140,000 cushions were transferred to finished goods.
21) What is the equivalent units for materials costs for May using the weighted average method?
A) 180,000 cushions
B) 160,000 cushions
C) 140,000 cushions
D) 118,000 cushions
E) 123,000 cushions
22) What is the equivalent units for conversion costs for May using the weighted average method?
A) 180,000 cushions
B) 160,000 cushions
C) 140,000 cushions
D) 118,000 cushions
E) 123,000 cushions
23) How many cushions were started during May?
A) 60,000 cushions
B) 120,000 cushions
C) 140,000 cushions
D) 180,000 cushions
E) 223,000 cushions
Use the information below to answer the following question(s).
Apex Disk Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were presented for August
Work in process, beginning inventory
100,000 units
Transferred-in costs (100% complete)
Direct materials (0% complete)
Conversion costs (90% complete)
Transferred in during current period
300,000 units
Completed and transferred out
350,000 units
Work in process, ending inventory
Transferred-in costs (100% complete)
Direct materials (0% complete)
Conversion costs (65% complete)
24) Calculate the equivalent units for conversion costs using the weighted-average method.
A) 300,000 units
B) 350,000 units
C) 382,500 units
D) 450,920 units
E) 499,000 units
25) Calculate equivalent units for direct materials using the weighted-average method.
A) 100,000 units
B) 350,000 units
C) 400,000 units
D) 450,000 units
E) 499,000 units
Answer the following questions using the information below:
The Townsend Tractor Company manufactures small garden tractors on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each tractor must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Townsend Tractor uses weighted-average costing.
Data for the Assembly Department for April are:
Work in process, beginning inventory
400 units
Direct materials (100% complete)
Conversion costs (40% complete)
Units started during April
1,200 units
Work in process, ending inventory:
250 units
Direct materials (100% complete)
Conversion costs (80% complete)
Costs for April :
Work in process, beginning inventory:
Direct materials
$230,000
Conversion costs
$220,000
Direct materials costs added during June
$700,000
Conversion costs added during June
$1,175,000
26) What are the equivalent units for direct materials and conversion costs, respectively, for April?
A) 1,350 units; 1,350 units
B) 1,850 units; 1,690 units
C) 1,600 units; 1,550 units
D) 250 units; 200 units
E) 1,600 units; 1,350 units
27) What is the total amount credited to the Work-in-Process account during the month of April?
A) $1,875,000.00
B) $2,370,000.00
C) $1,999,687.50
D) $2,295,937.50
E) $450,000.00
28) What is the direct materials cost per equivalent unit during April?
A) $1,250.00
B) $1,241.94
C) $575.00
D) $581.25
E) $900.00
29) What is the conversion cost per equivalent unit in April?
A) $1,250.00
B) $900.00
C) $575.00
D) $581.25
E) $1,241.94
30) What amount of direct materials costs are assigned to the ending Work-in-Process account for April?
A) $248,387.10
B) $250,000.00
C) $143,750.00
D) $145,312.50
E) $116,250.00
or Waypoint 
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