1.)

A production department's output for the most recent month consisted of 10,000 units completed and transferred to the next stage of production and 7,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.

A.)8,500 units.

B.)12,000 units.

C.)17,000 units.

D.)6,500 units.

E.)13,500 units.

2.)

A company uses the weighted-average method for inventory costing. At the end of the period, 30,000 units were in the ending Work in Process inventory and are 100% complete for materials and 83% complete for conversion. The equivalent costs per unit are materials, $2.73, and conversion $2.21. Compute the cost that would be assigned to the ending Work in Process inventory for the period.

A.)$136,929.

B.)$244,500.

C.)$134,408.

D.)$216,858.

E.)$202,935.

3.)

Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. The number of units transferred to finished goods during the year is:

Beginning Work in Process (30% complete, $2,200)	310 units
Ending inventory of Work in Process (70% complete)	510 units
Total units started during the year	4,300 units

A.)4,300 units.

B.)4,500 units.

C.)4,100 units.

D.)4,346 units.

E.)4,874 units.

4.)

A company's beginning Work in Process inventory consisted of 32,000 units that were 80% complete with respect to direct labor. A total of 102,000 were finished during the period and 37,000 remaining in Work in Process inventory were 50% complete with respect to direct labor at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were:

A.)120,500.

B.)69,500.

C.)88,000.

D.)102,000.

E.)146,100

5.)

Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for direct material usage is:

Direct materials used	$106,000
Direct labor used	179,000
Predetermined overhead rate (based on direct labor)	160%
Goods transferred to finished goods	451,000
Cost of goods sold	463,000
Credit sales	829,000

A.)Debit Raw Materials Inventory $106,000; credit Accounts Payable $106,000.

B.)Debit Raw Materials Inventory $106,000; credit Finished Goods Inventory $106,000.

C.)Debit Cost of Goods Sold $106,000; credit Finished Goods Inventory $106,000.

D.)Debit Work in Process Inventory $106,000; credit Raw Materials Inventory $106,000.

E.)Debit Work in Process Inventory $106,000; credit Cost of Goods Sold $106,000.