1 Rediger Incorporated a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Process inventory account was $38,000 at the beginning of the month and $25,000 at the end of the month. During the month, the Corporation incurred direct materials cost of $58,200 and direct labor cost of $32,800. The actual manufacturing overhead cost incurred was $54,600. The manufacturing overhead cost applied to Work in Process was $54,200. The cost of goods manufactured for June was:

Multiple Choice

$158,600.

$158,200.

$145,200.

$145,600.

2 At the beginning of the year, manufacturing overhead for the year was estimated to be $689,325. At the end of the year, actual direct labor-hours for the year were 36,210 hours, the actual manufacturing overhead for the year was $681,000, and manufacturing overhead for the year was overapplied by $25,095. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: (Do not round intermediate calculations.)

Multiple Choice

34,923 direct labor-hours

35,350 direct labor-hours

36,210 direct labor-hours

33,636 direct labor-hours

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 21,200 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 $3.55 for materials and $5.05 for labor and overhead, the total cost assigned to the ending work in process inventory was:

Multiple Choice

$182,320

$109,392

$118,084

$139,496

4 Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,900 units. The costs and percentage completion of these units in beginning inventory were:

	Cost	Percent Complete
Materials costs	$ 11,700	65%
Conversion costs	$ 13,900	30%

A total of 9,600 units were started and 8,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

	Cost
Materials costs	$ 143,200
Conversion costs	$ 360,600

The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.

The cost per equivalent unit for materials for the month in the first processing department is closest to:

Multiple Choice

$15.49

$13.73

$13.13

$11.99

5

Paceheco 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	6,100	70%
Transferred in from the prior department during January	60,000
Completed and transferred to the next department during January	57,800
Ending work in process inventory	8,300	40%

The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $35,558 and a total of $560,254 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

Multiple Choice

$9.639

$9.748

$9.840

$8.595