1).

Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method.

Data for July:
Work-in-process inventory, July 1 (39,500 units):
Direct materials (93% completed)	$	122,750
Conversion (57% completed)		77,200
Balance in work in process inventory, July 1	$	199,950
Units started during July		93,500
Units completed and transferred		108,300
Work-in-process inventory, July 31:
Direct materials (93% completed)		24,700
Conversion (57% completed)
Cost incurred during July:
Direct materials	$	183,500
Conversion costs		291,500

The cost of goods completed and transferred out under the weighted-average method is calculated to be: (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.)

Multiple Choice

• $97,064.

• $620,740.

• $578,322.

• $587,030.

• $589,040.

2).

The Merchant Manufacturing Company has two service departments purchasing and maintenance, and two production departments fabrication and assembly. The distribution of each service department's efforts to the other departments is shown below:

FROM	TO
	Purchasing			Maintenance			Fabrication			Assembly
Purchasing		0	%		60	%		30	%		10	%
Maintenance		40	%		0	%		45	%		15	%

The direct operating costs of the departments (including both variable and fixed costs) were as follows:

Purchasing	$	129,000
Maintenance		51,000
Fabrication		105,000
Assembly		81,000

The total cost accumulated in the fabrication department using the direct method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):

Multiple Choice

• $240,000.

• $167,400.

• $273,750.

• $126,000.

• $78,750.