$1.$The debits to Work in Process$$Assembly Department for April, together with data concerning production, are as follows:

April $1,$ work in process:

Materials cost, $3,000$ units $$7,900$

Conversion costs, $3,000$ units, $80\%$ completed $5,300$

Materials added during April, $10,000$ units $25,600$

Conversion costs during April $33,000$

Goods finished during April, $11,500$ units $$

April $30,$ work in process, $1,500$ units, $60\%$ completed $$

All direct materials are placed in process at the beginning of the process, and the weighted average method is used to cost inventories.

The materials cost per equivalent unit $($to the nearest cent$)$ for April is

a$.$ $$2\mathrm{.}58$

b$.$ $$2\mathrm{.}31$

c$.$ $$2\mathrm{.}91$

d$.$ $$3\mathrm{.}35$

$2.$Department G had $2,280$ units $25\%$ completed at the beginning of the period, $12,100$ units were completed during the period, $1,900$ units were $20\%$ completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period:

Work in process, beginning of period $$28,300$

Costs added during period:

Direct materials $(11,720$ units at $$8)93,760$

Direct labor $74,400$

Factory overhead $24,800$

All direct materials are placed in process at the beginning of production and the first$-$in$,$ first$-$out method of inventory costing is used. The total cost of $2,280$ units of beginning inventory which were completed during the period is $($do not round unit cost calculations$)$

$$44,443$

$$28,300$

$$42,543$

$$39,694$

$3.$ The following selected account balances appeared on the financial statements of the Washington Company. Use these balances to answer the questions that follow.

Accounts Receivable, Jan. $1$ $$13,599$

Accounts Receivable, Dec. $316,233$

Accounts Payable, Jan. $14,492$

Accounts Payable, Dec. $318,495$

Inventory, Jan. $16,310$

Inventory, Dec. $3115,303$

Sales $77,146$

Cost of Goods Sold $32,089$

The Washington Company uses the direct method to calculate net cash flow from operating activities. Assume that all accounts payable are owed to merchandise suppliers.

Cash payments for merchandise were

a$.$ $$32,089$

b$.$ $$30,462$

c$.$ $$35,452$

d$.$ $$37,079$

$4.$ The natural business year is a

a$.$ calendar year that ends when business activities are at their highest point

b$.$ fiscal year that ends when business activities are at their lowest point

c$.$ fiscal year that ends when business activities are at their highest point

d$.$ calendar year that ends when business activities are at their lowest point

$5.$ Which of the following would not normally operate as a service business?

a$.$ lawn care company

b$.$ grocer

c$.$ pet groomer

d$.$ styling salon

$6.$

A cash payment is recorded in the cash account as

a$.$ a debit

b$.$ either a debit or a credit

c$.$ a credit

d$.$ neither a debit nor a credit

$7.$

Which one of the statements below is not a purpose for the journal?

a$.$ to help locate errors

b$.$ to show a complete transaction in one place

c$.$ to show chronological order of transactions

d$.$ to show increases and decreases in account

$8.$ Which of the following is an example of accrued revenue?

a$.$ snow removal services that have been provided and paid on the same day

b$.$ snow removal services that have been paid for three months in advance

c$.$ snow removal services that have been provided but have not been billed or paid

d$.$ an agreement that has been signed for snow removal services for the next three months

$9.$ The adjusting entry to record the depreciation of a building for the fiscal period is

a$.$ debit Building; credit Depreciation Expense.

b$.$ debit Depreciation Expense; credit Building.

c$.$ debit Accumulated Depreciation; credit Depreciation Expense.

d$.$ debit Depreciation Expense; credit Accumulated Depreciation.

$10.$

The supplies account had a balance of $$1,241$ at the beginning of the year and was debited during the year for $$3,797,$ representing the total of supplies purchased during the year. If $$2,857$ of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is

a$.$ $$5,038$

b$.$ $$6,654$

c$.$ $$2,181$

d$.$ $$2,857$

$11.$ The following lots of Commodity Z were available for sale during the year.

Beginning inventory $10$ units at $$52$

First purchase $15$ units at $$51$

Second purchase $52$ units at $$55$

Third purchase $13$ units at $$63$

The firm uses the periodic system, and there are $23$ units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method?

a$.$ $$1,183$

b$.$ $$4,964$

c$.$ $$1,196$

d$.$ $$1,369$