1. Running Company had the following information for the month of June: Work in process beginning inventory, June 1 4,000 units Units transferred in 13,000 units Work in process ending inventory, June 30 3,000 units Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process. The equivalent units for materials under the weighted-average method are calculated to be:

Multiple Choice 12,500. 6,000. 14,000. 15,500. 14,500.

2.

Closet Company had the following information for the month of December. All direct materials were one hundred percent complete, and beginning materials cost $19,700.

Work in Process Inventory
Beginning balance @ 12/1: 360 units, 10% completed	$ 23,000	Completed 1,020 units and transferred them to finished goods inventory	$ 200,126
Direct materials	71,000
Direct labor	47,000
Overhead Property taxes	13,000
Depreciation	44,000
Utilities	28,000
Indirect labor	11,000
Ending balance @ 12/31: 390 units, 20% completed	$ 36,874

Total equivalent units for conversion under the FIFO method are calculated to be:

Multiple Choice

• 1,092 equivalent units.

• 1,014 equivalent units.

• 990 equivalent units.

• 1,062 equivalent units.

• 1,422 equivalent units.

3.

Double Company produces three products DBB-1, DBB-2, and DBB-3 from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Key information about Double's production, sales, and costs follows.

	DBB-1	DBB-2	DBB-3	Total
Units Sold	16,000	24,000	36,000	76,000
Price (after additional processing)	$ 65	$ 50	$ 75
Separable Processing cost	$ 110,000	$ 44,000	$ 66,000	$ 220,000
Units Produced	16,000	24,000	36,000	76,000
Total Joint Cost				$ 3,600,000
Sales Price at Split-off	$ 25	$ 35	$ 55

The amount of joint costs allocated to product DBB-2 using the sales value at split-off method is:

Multiple Choice

• $939,130.

• $216,870.

• $447,120.

• $757,800.

• $2,213,640