1. Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,800 of direct materials and used $3,300 of direct labor. The job was not finished by the end of September, but needed an additional $2,300 of direct materials in October and additional direct labor of $5,800 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What is the amount of job costs added to Work in Process Inventory during October?

$13,200

$19,700

$31,400

$23,000

$27,100

2. Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,600 of direct materials and used $3,100 of direct labor. The job was not finished by the end of September, but needed an additional $2,100 of direct materials and additional direct labor of $4,700 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B?

$6,800

$10,900

$3,700

$7,800

$4,700

3. Williams Company computed its cost per equivalent unit for direct materials to be $2.70 and its cost per equivalent unit for conversion to be $3.42. A total of 212,000 units of product were completed and transferred out as finished goods during the month. The ending Work in Process inventory consists of 30,000 equivalent units of direct materials and 30,000 equivalent units of conversion costs. The amount that should be reported in ending Work in Process Inventory is:

$81,000.

$102,600.

$1,378,440.

$1,297,440.

$183,600.

4. Luker Corporation uses a process costing system. The company had $171,500 of beginning Finished Goods Inventory on October 1. It transferred in $848,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $169,200. The entry to account for the cost of goods manufactured during October is:

Multiple Choice

Debit Cost of Goods Sold $848,000; credit Finished Goods Inventory $848,000.

Debit Cost of Goods Sold $850,300; credit Work in Process Inventory $850,300.

Debit Finished Goods Inventory $848,000; credit Work in Process Inventory $848,000.

Debit Finished Goods Inventory $169,200; credit Cost of Goods Sold $169,200.

Debit Cost of Goods Sold $850,300; credit Finished Goods Inventory $850,300.

5. Wilturner Company incurs $78,000 of labor related directly to the product in the Assembly Department, and $27,000 of labor related to the Assembly Department as a whole, and $14,000 of labor for services that help production in both the Assembly and Finishing departments. The amount of direct labor and factory overhead respectively are:

$78,000 and $41,000.

$105,000 and $14,000.

$92,000 and $27,000.

$119,000 and $0.

$78,000 and $14,000.

6. A company uses the weighted-average method for inventory costing. At the end of the period, 20,000 units were in the ending Work in Process inventory and are 100% complete for materials and 67% complete for conversion. The equivalent costs per unit are materials, $2.57, and conversion $2.30. Compute the cost that would be assigned to the ending Work in Process inventory for the period.

$82,220.

$163,400.

$74,490.

$126,440.

$109,478.