1.

Madison Corporation's production cycle starts in the Processing Department. The following information is available for April:

	Units
Work-in-process, April 1 (25% complete)	40,000
Total units started during April	240,000
Work-in-process, April 30 (60% complete)	25,000

Materials are added at the beginning of the process in the Processing Department. What are the equivalent units of production for the month of April, assuming Madison uses the weighted-average method?

	Materials	Conversion Costs
A.	240,000	260,000
B.	255,000	235,000
C.	280,000	270,000
D.	315,000	285,000

Option A.

Option B.

Option C.

Option D.

2.

Sarfina Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of September appear below:

	Units			Percent Complete with Respect to Conversion
Beginning work-in-process inventory		15,000			20	%
Transferred in from the prior department during September		89,000
Ending work-in-process inventory		24,000			90	%

According to the company's records, the conversion cost in beginning work-in-process inventory was $15,660 at the beginning of September. Additional conversion costs of $526,524 were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for September? (Round off to three decimal places.)

$5.916.

$5.340.

$5.220.

$5.213.

3.

Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November. (CMA Exam adapted)

	Units
Work in process, November 1st		16,000
Started in production during November		100,000
Work in process, November 30th		24,000

The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% complete as to materials and 40% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $54,560; direct labor, $20,320; manufacturing overhead, $15,240. Costs incurred during the month: direct materials, $468,000; direct labor, $182,880; manufacturing overhead, $391,160. What are the total costs in the ending Work-in-Process Inventory assuming Bentley uses weighted-average process costing?

$86,400.

$153,960.

$154,800.

$156,960.