Question :
88. Materials costs of $500,000 and conversion costs of $535,500 : 1311649
88. Materials costs of $500,000 and conversion costs of $535,500 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 100,000 units were started into production in September, and there were 8,000 units in ending work in process that were 40% complete at the end of September.
What was the total amount of manufacturing costs assigned to the 8,000 units in the ending work in process?
a.$40,000.
b.$18,000.
c.$34,000.
d.$58,000.
89. Charley Company’s Assembly Department has materials cost at $3 per unit and conversion cost at $6 per unit. There are 20,000 units in ending work in process, all of which are 70% complete as to conversion costs and 100% complete as to materials. How much are total costs to be assigned to inventory?
a.$84,000.
b.$144,000.
c.$126,000.
d.$180,000.
90. Byrd Company decided to analyze certain costs for June of the current year. Units started into production equaled 14,000 and ending work in process equaled 2,000 units. With no beginning work in process inventory, how much is the conversion cost per unit if ending work in process was 25% complete and total conversion costs equaled $35,000?
a.$2.19.
b.$8.75.
c.$2.80.
d.$1.40.
91. Long Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled 6,000 and ending work in process equaled 400 units. Long had no beginning work in process inventory. Conversion costs are applied equally throughout production, and materials are applied at the beginning of the process. How much is the materials cost per unit if ending work in process was 25% complete and total materials costs equaled $24,000?
a.$4.00.
b.$4.21.
c.$15.00.
d.$3.75.
92. Conversion cost per unit equals $7.00. Total materials costs are $60,000. Equivalent units are 20,000. How much is the total manufacturing cost per unit?
a.$10.00.
b.$7.00.
c.$4.00.
d.$3.00.
93. Physical units are 40,000. Total conversion costs are $237,000. There are 1,000 units in ending inventory which are 50% complete as to conversion costs. How much are conversion costs per unit?
a.$6.00.
b.$5.92.
c.$11.86.
d.$5.78.
94. Madison Industries has equivalent units of 4,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?
a.$4.00.
b.$10.00.
c.$40.00.
d.$8.00.
95. Equivalent units for materials total 30,000. There were 24,000 units completed and transferred out. Equivalent units for conversion costs equal 27,000. How much are the physical units for conversion costs if ending work in process is 50% complete?
a.27,000.
b.30,000.
c.6,000.
d.24,000.
96. If equivalent units are 12,000 for conversion costs and units transferred out equals 8,000, what stage of completion should the ending work in process be for the 16,000 units remaining?
a.75%.
b.25%.
c.10%.
d.20%.
97. 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 transferred to finished goods during April was
a.$1,800,000.
b.$1,810,000.
c.$1,880,000.
d.$1,790,000.
