1. Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred.

The physical units in beginning inventory are 30% complete with respect to conversion costs and the ending inventory is 70% complete with respect to conversion costs.

Other data for the month include:

Beginning WIP inventory 180 units

Units transferred out 290 units

Units in ending inv. 150 units

Conversion costs $241,000

Cost of direct materials $205,000

Beginning work-in-process costs: Materials $123,000 Conversion $121,000

Using the weighted average method, what is the cost per eu for conversion costs?

2.

Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred.

The physical units in beginning inventory are 80% complete with respect to conversion costs and the ending inventory is 50% complete with respect to conversion costs.

Other data for the month include:

Beginning WIP inventory 190 units

Units transferred out 240 units

Units in ending inv. 180 units

Conversion costs $209,000

Cost of direct materials $239,000

Beginning work-in-process costs: Materials $138,000 Conversion $140,000

Using the FIFO method, what is the cost per eu for conversion costs?

2.

Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 40% complete with respect to conversion costs and the ending inventory is 60% complete with respect to conversion costs.

Other data for the month include:

Beginning WIP inventory 170 units

Units transferred out 280 units

Units in ending inv. 140 units

Beginning work-in-process costs: Materials $137,000 Conversion $102,000

The DM cost/eu was determined to be $900. The CC cost/eu was determined to be $960.

Using the weighted average method, how much conversion cost is assigned to units transferred out?

4.

Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 40% complete with respect to conversion costs and the ending inventory is 80% complete with respect to conversion costs.

Other data for the month include:

Beginning WIP inventory 170 units

Units transferred out 270 units

Units in ending inv. 190 units

Beginning work-in-process costs: Materials $139,000 Conversion $135,000

The DM cost/eu was determined to be $820. The CC cost/eu was determined to be $930.

Using FIFO, how much conversion cost is assigned to units transferred out?

5.

Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 70% complete with respect to conversion costs and the ending inventory is 30% complete with respect to conversion costs.

Other data for the month include:

Beginning WIP inventory 190 units

Units transferred out 260 units

Units in ending inv. 170 units

Beginning work-in-process costs: Materials $148,000 Conversion $126,000

The DM cost/eu was determined to be $860 The CC cost/eu was determined to be $940.

How much conversion cost is assigned to ending inventory using the weighted average method?

6.

Four Seasons Company makes snow blowers. 100% of the materials are added at the beginning of the process. This means that beginning and ending inventories are 100% complete with respect to DM. The conversion costs are uniformly incurred. The physical units in beginning inventory are 30% complete with respect to conversion costs and the ending inventory is 20% complete with respect to conversion costs.

Other data for the month include:

Beginning WIP inventory 210 units

Units transferred out 250 units

Units in ending inv. 140 units

Beginning work-in-process costs: Materials $128,000 Conversion $137,000

The DM cost/eu was determined to be $810. The CC cost/eu was determined to be $950.

How much conversion cost is assigned to ending inventory using FIFO?

7.

Four Seasons Company makes snow blowers. No materials are added to the process, but the transferred in units are treated as a direct material that is added the beginning of the process. This means that beginning and ending inventories are 100% complete. The conversion costs are uniformly incurred. The physical units in beginning inventory are 20% complete with respect to conversion costs and the ending inventory is 30% complete with respect to conversion costs.

Other data for the month include:

Beginning WIP inventory 180 units

Units transferred out 270 units

Units in ending inv. 160 units

Added conversion costs $218,000

Added Transferred in costs $203,000

Beginning work-in-process costs: Transferred in cost $134,000 Conversion $139,000

Using the weighted average method, what is the transferred-in cost per eu ?

8.

Four Seasons Company makes snow blowers. No materials are added to the process, but the transferred in units are treated as a direct material that is added the beginning of the process. This means that beginning and ending inventories are 100% complete. The conversion costs are uniformly incurred. The physical units in beginning inventory are 50% complete with respect to conversion costs and the ending inventory is 30% complete with respect to conversion costs.

Other data for the month include:

Beginning WIP inventory 220 units

Units transferred out 250 units

Units in ending inv. 160 units

Added conversion costs $237,000

Added Transferred in costs $219,000

Beginning work-in-process costs: Transferred in cost $128,000 Conversion $142,000

Using FIFO, what is the transferred in cost per eu?