#1 Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 90,000 units, 70% complete as to materials and 20% complete as to conversion. Units started and completed: 270,000. Units completed and transferred out: 360,000. Ending Inventory: 35,000 units, 40% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $47,200. Costs in beginning Work in Process - Conversion: $89,700. Costs incurred in October - Direct Materials: $759,920. Costs incurred in October - Conversion: $929,300. Calculate the cost per equivalent unit of materials.

Multiple Choice

$2.80

$2.50

$2.04

$2.36

$2.16

# 2. During March, the production department of a process operations system completed and transferred to finished goods 33,000 units that were in process at the beginning of March and 140,000 that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 35% complete with respect to labor. At the end of March, 33,000 additional units were in process in the production department and were 100% complete with respect to materials and 35% complete with respect to labor. The production department incurred direct labor cost of $579,800 and its beginning inventory included labor cost of $55,600. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.

Multiple Choice

$3.67.

$3.14.

$4.14.

$3.35.

$3.44

#3

#4

Please help! its four different questions but there pretty much the same format that's why I posted them

Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is: Direct materials used Direct labor used 82,eee $150,700 Predetermined overhead rate (based on direct labor) to finished goods 110% $451, S463 888 ansferred 5poo Credit sales sold $844, 200 Multiple Choice Debit Accounts Recelvable $844,200: credit Cost of Goods Sold $844,200. Debit Accounts Recelvable $844,200; credit Sales $381,200; credit Finished Goods Inventory $463,000. Debit Cost of Goods Sold $463,000; credit Sales $463,000. Debit Finished Goods Inventory $463,000; debit Sales $844,200; credit Accounts Receivable $844,200; credit Cost of Goods Sold $463.000. Debit Accounts Receivable $844,200; credit Sales $844,200; debit Cost of Goods Sold $463,000; credit Finished Goods Inventory $463,000. O O RIchards Corporation uses the welghted-average method of process costing. The following Information Is availlable for October In Its Fabricating Department: Units: Beginning Inventory: 94,000 unlts, 80% complete as materlals and 25% complete as to conversion. Units started and completed: 278,000. Units completed and transferred out: 372,000. Ending Inventory: 37,000 units, 40 % complete as to materlals and 15% complete as to conversion. Costs: Costs In beginning Work In Process Direct Materlals: $37,200. Costs In beginning Work in Process Converslon: $79,700. Costs Incurred In October Direct Materlals: $646,800. Costs Incurred In October Converslon: $919,300. Calculate the equivalent units of conversion. Multiple Choice 241,000 354,050 311,600 377,550 386,800 Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is: Direct materials used Direct labor used 82,eee $150,700 Predetermined overhead rate (based on direct labor) to finished goods 110% $451, S463 888 ansferred 5poo Credit sales sold $844, 200 Multiple Choice Debit Accounts Recelvable $844,200: credit Cost of Goods Sold $844,200. Debit Accounts Recelvable $844,200; credit Sales $381,200; credit Finished Goods Inventory $463,000. Debit Cost of Goods Sold $463,000; credit Sales $463,000. Debit Finished Goods Inventory $463,000; debit Sales $844,200; credit Accounts Receivable $844,200; credit Cost of Goods Sold $463.000. Debit Accounts Receivable $844,200; credit Sales $844,200; debit Cost of Goods Sold $463,000; credit Finished Goods Inventory $463,000. O O RIchards Corporation uses the welghted-average method of process costing. The following Information Is availlable for October In Its Fabricating Department: Units: Beginning Inventory: 94,000 unlts, 80% complete as materlals and 25% complete as to conversion. Units started and completed: 278,000. Units completed and transferred out: 372,000. Ending Inventory: 37,000 units, 40 % complete as to materlals and 15% complete as to conversion. Costs: Costs In beginning Work In Process Direct Materlals: $37,200. Costs In beginning Work in Process Converslon: $79,700. Costs Incurred In October Direct Materlals: $646,800. Costs Incurred In October Converslon: $919,300. Calculate the equivalent units of conversion. Multiple Choice 241,000 354,050 311,600 377,550 386,800