1.

A production department reports the following conversion costs. Equivalent units of production for conversion total 357,000 for this period. Calculate the cost per equivalent unit of production for conversion. The company uses the weighted-average method. Cost of beginning work in process 268,000 Costs added this period 1,124,300

2.

Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding department:

	Units	Direct materials Percent Complete	Conversion Percent Complete
Beginning work in process inventory	27,000	100%	55%
Units started and completed	114,000
Units completed and transferred out	141,000
Ending work in process inventory	31,000	100%	30%

Production cost information for the Molding department follows.

Beginning work in process
Direct materials	$ 45,000
Conversion	50,850	$ 95,850
Costs added this period
Direct materials	$ 289,000
Conversion	601,150	$ 890,150

Calculate the equivalent units of production for direct materials.

3.

A company's prime costs total $4,700,000 and its conversion costs total $8,700,000. If direct materials are $1,850,000 and factory overhead is $5,850,000, then direct labor is:

Multiple Choice

• $17,400,000.

• $1,000,000.

• $4,700,000.

• $2,850,000.

• $4,000,000.