1: The Finishing Department had 7,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 21,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,750 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.

How many units were transferred-out during the period?

a) 25,250 units.

b) 18,250 units.

c) 28,000 units.

d) 16,750 units.

2:

The Finishing Department had 15,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 45,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 5,850 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.

How many units were started and completed during the period?

a) 60,000 units.

b) 35,850 units.

c) 54,150 units.

d) 39,150 units.

3:

The Finishing Department had 14,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 42,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 5,500 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.

What are the equivalent units of production for materials during the period?

a) 36,500 units.

b) 42,000 units.

c) 39,250 units.

d) 33,500 units.