Sumter Corporation uses the weighted-average method in its process cos

1.Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 6,000 Percent complete with respect to materials 60 % Percent complete with respect to conversion 20 % Costs in the beginning inventory: Materials cost $ 78,200 Conversion cost $ 3,600 Units started during the month ? Units completed and transferred out during the month 70,000 Costs added to production during the month: Materials cost $ 286,600 Conversion cost $ 216,000 Work in process, ending: Units in process 8,000 Percent complete with respect to materials 75 % Percent complete with respect to conversion 25 % How much cost, in total, was assigned to the units transferred out to the next department during the month? 选项：A、$549,500B、$584,400C、$502,600D、$535,000

2.Vallin Manufacturing Corporation's beginning work in process inventory consisted of 10,units, complete with respect to materials cost and complete with respect to conversion costs. The total cost in the beginning inventory was $56,During the month, 60,units were transferred out. The equivalent unit cost was computed to be $4.for materials and $5.for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was: 选项： A、$384,000 B、$456,000 C、$570,000 D、$385,600

3.The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent units for conversion costs for November in a particular department. There were 4,000 units in the ending work in process inventory on November 30 which were 60% complete with respect to conversion costs. The November 1 work in process inventory consisted of 5,000 units which were 40% complete with respect to conversion costs. A total of 22,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was: 选项：A、22,000 unitsB、17,000 unitsC、26,000 unitsD、21,000 units

4.Saada Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Units Percent Complete withRespect to Conversion Beginning work in process inventory 3,700 20 % Transferred in from the prior department during March 59,000 Ending work in process inventory 7,200 60 % The Fitting Department's cost per equivalent unit for conversion cost for March was $5.99. How much conversion cost was assigned to the units transferred out of the Fitting Department during March? 选项：A、$332,445.00B、$375,573.00C、$328,012.40D、$353,410.00

5.The following data apply to questions 3 through 5. Watkins Company had the following production for the month of June: Units Work-in-process, June 1 6,000 Started during June 24,000 Completed and transferred to finished goods 18,000 Abnormal spoilage incurred 3,000 Work-in-process, June 30 9,000 Materials are added at the beginning of the process. As to conversion cost, work-in-process was 20% complete at the beginning and 70% complete at the end of the month. Spoilage is detected at the end of the process. 3. [CPA Adapted] Using the weighted-average method, the equivalent units for June, with respect to conversion cost, were 选项： A、30000 B、23700 C、24300 D、27300

6.Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Units Percent Complete withRespect to Conversion Beginning work in process inventory 5,100 70% Transferred in from the prior department during January 59,000 Completed and transferred to the next department during January 56,800 Ending work in process inventory 7,300 40% The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,558 and a total of $559,254 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to: 选项：A、$9.479B、$9.943C、$9.680D、$8.435

7.Janner Corporation uses the weighted-average method in its process costing system. Operating data for the Painting Department for the month of April appear below: Units Percent Complete withRespect to Conversion Beginning work in process inventory 4,000 50 % Transferred in from the prior department during April 90,400 Ending work in process inventory 1,600 60 % What were the equivalent units for conversion costs in the Painting Department for April? 选项：A、93,760B、92,800C、91,360D、88,000

8.Raider Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Units Percent Complete withRespect to Conversion Beginning work in process inventory 7,700 10 % Transferred in from the prior department during January 64,000 Completed and transferred to the next department during January 63,800 Ending work in process inventory 7,900 80 % The Molding Department's cost per equivalent unit for conversion cost for January was $3.19. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? 选项：A、$22,106.70B、$25,201.00C、$20,160.80D、$5,040.20

9.Jordana Woolens is a manufacturer of wool cloth. The information for March is as follows: Beginning work in process10,000 unitsUnits started 20,000 unitsUnits completed25,000 units Beginning work-in-process direct materials$ 6,000Beginning work-in-process conversion$ 2,600Direct materials added during month$30,000Direct manufacturing labor during month$12,000Factory overhead$ 5,000 Beginning work in process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete. Required: Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.

10.A company which operate a process costing system had work in progress at the start of last month of 400 units(valued at $3,000), which were 40% complete in respect of all costs. Last month 1,500 units were completed and transferred to the finished goods warehouse. The cost per equivalent unit for output produced last month was $20. The company uses the FIFO method of cost allocation.What is the total cost of the 1,500 units transferred to the finished goods warehouse last month?

11.Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the production process. The equivalent units for materials at Malcolm would be the sum of: 选项： A、units in ending work in process and the units started. B、 units in beginning work in process and the units started. C、 units in ending work in process and the units started and completed. D、 units in beginning work in process and the units started and completed.

12.Lucas Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the first of two stages in its production process. Information concerning operations in the Forming Department in October follows: Units MaterialsCost Work in process on October 1 6,000 $ 3,000 Units started during October 50,000 $ 25,560 Units completed and transferred to the next Department during October 44,000 What was the materials cost of work in process at October 31? 选项：A、$3,060B、$5,520C、$6,000D、$6,120

13.Pet Products Company uses an automated process to manufacture its pet replica products. For June, the company had the following activities: Beginning work in process inventory4,500 items, 1/4 completeUnits placed in production15,000 unitsUnits completed17,500 unitsEnding work in process inventory2,000 items, 3/4 complete Cost of beginning work in process$5,250Direct material costs, current$16,500Conversion costs, current$23,945 Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. Required: Prepare a production cost worksheet using the FIFO method.

14.A company produces a certain food item in a manufacturing process. On 1 November, there was no opening inventory of work in process. During November, 500 units of material were input to the process, with a cost of $9,000. Direct labour costs in November were $3,840. Production overhead is absorbed at the rate of 200% of direct labour costs. Closing inventory on 30 November consisted of 100 units which were 100% complete as to materials and 80% complete as to labour and overhead. There was no loss in process. What is the full production cost of completed units during November? 选项：A、$10,400 B、$16,416 C、$16,800 D、$20,520

15.A company produces a certain food item in a manufacturing process. On 1 November, there was no opening inventory of work in process. During November, 500 units of material were input to the process, with a cost of $9,000. Direct labour costs in November were $3,840. Production overhead is absorbed at the rate of 200% of direct labour costs. Closing inventory on 30 November consisted of 100 units which were 100% complete as to materials and 80% complete as to labour and overhead. There was no loss in process. What is the value of the closing work in progress on 30 November? 选项：A、$2,440 B、$3,720 C、$4,104 D、$20,520

16.Which of the following is a concern to a manager that utilizes the process-costing system? 选项： A、The cost object is known as a unit or multiple units of a distinct product. B、Allocates all of the product costs, including materials and labor. C、Per-unit cost is average unit cost applied to similar product. D、To obtain per-unit cost, divide total product costs of identical products by total number or units produced. E、Cost object is masses of identical or similar units of a product or service.

17.In the Schedule of Cost of Goods Manufactured, Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory – Ending work in process inventory.

18.A company manufactures two joint products, P and R, in a common process. Data for June are as follows. Opening inventory $1,000 Direct materials added $10,000 Conversion costs $12,000 Closing inventory $3,000 - Production units Sales units Sales price $ per unit P 4,000 5,000 5 R 6,000 5,000 10 If costs are apportioned between joint products on a sales value basis, what was the cost per unit of product R in June 选项： A、$1.25 B、$2.22 C、$2.50 D、$2.75

19.A company uses process costing to value its output and all materials are input at the start of the process. The following information relates to the process for one month: Input 3,000 units Opening stock 400 units Losses 10% of input is expected to be lost Closing stock 200 units How many good units were output from the process if actual losses were 400 units?? 3,200 units2,800 units3,000 units2,900 units

20.A company uses process costing to value its output and all materials are input at the start of the process. The following information relates to the process for one month: Input 3,000 units Opening stock 400 units Losses 10% of input is expected to be lost Closing stock 200 units How many good units were output from the process if actual losses were 400 units? 选项： A:2,800 units; B:2,900 units; C:3,000 units; D:3,200 units

21.A company uses process costing to value its output and all materials are input at the start of the process.
The following information relates to the process for one month: Input 3,000 units,opening stock is 400 units. Losses is 10% of input is expected to be lost.
Closing stock is 200 units.
How many good units were output from the process if actual losses were 400 units? 选项： A、2,800 units B、2,900 units C、3,000 units D、3,200 units

22.88) Cool Shades manufactures biotech sunglasses. The variable materials cost is $1.38 per unit, and the variable labor cost is $.92 per unit. Suppose the firm incurs fixed costs of $348,000 during a year in which total production is 136,000 units and the selling price is $19.50 per unit. What is the cash break-even point? 选项： A:A) 16,453 units B:B) 22,435 units C:C) 20,233 units D:D) 18,907 units E:E) 14,768 units

23. The direct labor costs and manufacturing overhead costs required to produce finished goods from raw materials are called ________. 选项： A: transferred in costs B: cost of sales C: finished goods costs D: conversion costs