130.During April, the production department of a process operations system completed and transferred to finished goods 18,000 units that were in process at the beginning of April and 90,000 units that were started and completed in April. April's beginning inventory units were 100% complete with respect to materials and 40% complete with respect to labor. At the end of April, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 60% complete with respect to labor. The beginning inventory included materials cost of $107,000 and the production department incurred direct materials cost of $329,000 during the month. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.
A. $4.03.
B. $3.05.
C. $2.38.
D. $3.16.
E. $2.57.
131.During December, the production department of a process operations system completed and transferred to finished goods a total of 65,000 units of product. At the end of March, 15,000 additional units were in process in the production department and were 80% complete with respect to materials. The beginning inventory included materials cost of $57,500 and the production department incurred direct materials cost of $183,000 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.
A. $3.70.
B. $2.38.
C. $2.82.
D. $3.12.
E. $4.79.
132.During March, the production department of a process operations system completed and transferred to finished goods 25,000 units that were in process at the beginning of March and 110,000 that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to labor. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to labor. The production department incurred direct labor cost of $578,900 and its beginning inventory included labor cost of $54,700. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.
A. $4.69.
B. $3.84.
C. $4.86.
D. $4.28.
E. $4.40.
133.During July, the production department of a process operations system completed and transferred to finished goods 10,000 units that were in process at the beginning of July and 76,000 that were started and completed in July. July's beginning inventory units were 100% complete with respect to materials and 30% complete with respect to labor. At the end of July, 15,000 additional units were in process in the production department and were 100% complete with respect to materials and 25% complete with respect to labor. The beginning inventory included labor cost of $52,100 and the production department incurred direct labor cost of $450,750 during July. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.
A. $1.72.
B. $5.60.
C. $.84.
D. $5.02.
E. $5.85.
134.During January, the production department of a process operations system completed and transferred to finished goods a total of 78,000 units. At the end of January, 9,000 additional units were in process in the production department and were 65% complete with respect to labor. The beginning inventory included labor cost of $37,100 and the production department incurred direct labor cost of $294,300 during January. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.
A. $6.34.
B. $3.77.
C. $3.51.
D. $4.25.
E. $3.95.
135.Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.
Equivalent Units of ProductionDirect MaterialsConversion
Units Completed and transferred out50,00050,000
Units in Ending Work in Process:
Direct Materials (15,000 * 100%)15,000
Conversion (15,000 * 80%) 12,000
Equivalent Units of Production65,00062,000
Cost per Equivalent Unit
Costs of beginning work in process$40,500$59,700
Costs incurred this period 136,000 183,100
Total costs$176,500$242,800
Cost per equivalent unit$2.71 per EUP$3.92 per EUP
The total materials costs transferred out of the Canning Department should be: A. $135,500.
B. $136,000.
C. $176,500.
D. $176,150.
E. $196,000.
50,000 units transferred out * 2.71 per EUP = $135,500
136.Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.
Equivalent Units of ProductionDirect MaterialsConversion
Units Completed and transferred out50,00050,000
Units in Ending Work in Process:
Direct Materials (15,000 * 100%)15,000
Conversion (15,000 * 80%) 12,000
Equivalent Units of Production65,00062,000
Cost per Equivalent Unit
Costs of beginning work in process$40,500$59,700
Costs incurred this period136,000 183,100
Total costs$176,500$242,800
Cost per equivalent unit$2.71 per EUP$3.92 per EUP
The total conversion costs transferred out of the Canning Department should be:
A. $243,040.
B. $242,800.
C. $183,100.
D. $176,150.
E. $196,000.
50,000 units transferred out * 3.92 per EUP = $196,000
137.Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.
Units Completed and transferred out50,00050,000
Units in Ending Work in Process:
Direct Materials (15,000 * 100%)15,000
Conversion (15,000 * 80%) 12,000
Equivalent Units of Production65,00062,000
Cost per Equivalent Unit
Costs of beginning work in process$40,500$59,700
Costs incurred this period136,000 183,100
Total costs$176,500$242,800
Cost per equivalent unit$2.71 per EUP$3.92 per EUP
If the units completed were transferred to the Labeling Department, what is the appropriate journal entry to transfer the direct materials?
A. Work in Process—Labeling $135,500; Work in Process—Canning $135,500.
B. Work in Process—Labeling $176,500; Work in Process—Canning $176,500.
C. Finished Goods—Labeling $135,500; Finished Goods—Canning $135,500.
D. Work in Process—Labeling $176,500; Finished Goods—Canning $176,500.
E. Finished Goods $136,000; Work in Process $136,000.
50,000 units transferred out * 2.71 per EUP = $135,500
138.Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.
Equivalent Units of ProductionDirect MaterialsConversion
Units Completed and transferred out50,00050,000
Units in Ending Work in Process:
Direct Materials (15,000 * 100%)15,000
Conversion (15,000 * 80%) 12,000
Equivalent Units of Production65,00062,000
Cost per Equivalent Unit
Costs of beginning work in process$40,500$59,700
Costs incurred this period 136,000 183,100
Total costs$176,500$242,800
Cost per equivalent unit$2.71 per EUP$3.92 per EUP
If the units completed were transferred to the Labeling Department, what is the appropriate journal entry to transfer the conversion costs?
A. Work in Process—Labeling $183,100; Work in Process—Canning $183,100.
B. Work in Process—Labeling $196,000; Work in Process—Canning $196,000.
C. Finished Goods—Labeling $183,100; Finished Goods—Canning $183,100.
D. Work in Process—Labeling $196,000; Finished Goods—Canning $196,000.
E. Finished Goods $242,800; Work in Process $242,800.
50,000 units transferred out * 3.92 per EUP = $196,000
139.Williams Company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for conversion to be $3.75. A total of 250,000 units of product were completed and transferred out as finished goods during the month, and 36,000 of equivalent units remained unfinished at the end of the month. The amount that should be reported in ending Work in Process Inventory is:
A. $93,600.
B. $135,000.
C. $1,816,100.
D. $1,587,500.
E. $228,600.
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