1. Koczela Inc. has provided the following data for the month of May:

Inventories:

	Beginning		Ending
Work in process	$	24,000	$	19,000
Finished goods	$	53,000	$	57,000

Additional information:

Direct materials	$	64,000
Direct labor cost	$	94,000
Manufacturing overhead cost incurred	$	70,000
Manufacturing overhead cost applied to Work in Process	$	68,000

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

The cost of goods manufactured for May is:

Multiple Choice

• $226,000

• $231,000

• $228,000

• $233,000

2. The Assembly Department started the month with 24,700 units in its beginning work in process inventory. An additional 309,700 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 29,700 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month?

Multiple Choice

• 334,400

• 364,100

• 304,700

• 314,700

3. The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 18,200 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $2.80 for materials and $4.30 for labor and overhead, the total cost assigned to the ending work in process inventory was:

Multiple Choice

• $129,220

• $77,532

• $82,264

• $97,916

4. Raider Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the departments operations in January.

	Units				Percent Complete with Respect to Conversion
Beginning work in process inventory		8,200				10	%
Transferred in from the prior department during January		69,000
Completed and transferred to the next department during January		68,800
Ending work in process inventory		8,400				80	%

The Molding Departments cost per equivalent unit for conversion cost for January was $3.24. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?

Multiple Choice

• $22,111.70

• $27,216.00

• $21,772.80

• $5,443.20