1/ The following is an account for a production department, showing its costs for one month:

Work in Process Inventory
Beginning Balance	5,800	Completed and transferred out	50,610
Direct materials	22,000
Direct labor	16,600
Overhead	11,200
Ending Balance	4,990

Assume that materials are added at the beginning of the production process and that direct labor and overhead are applied uniformly. If the started and completed units cost $42,250, what was the cost of completing the units in the beginning Work in Process inventory?

Multiple Choice

$37,260.

$2,560.

$13,350.

$55,600.

$8,360.

2/ A company uses the FIFO method for inventory costing. At the start of the period the production department had 40,000 units in beginning Work in Process inventory which were 30% complete; the department completed and transferred 165,000 units. At the end of the period, 12,000 units were in the ending Work in Process inventory and are 65% complete. The production department had labor costs in the beginning goods is process inventory of $87,000 and total labor costs added during the period are $726,550. Compute the equivalent cost per unit for labor.

Multiple Choice

$4.73.

$4.52.

$5.09.

$4.71.

$4.77.

3/ A company's beginning Work in Process inventory consisted of 26,000 units that were 20% complete with respect to direct labor. These beginning units were completed and another 99,600 units were started during the current period. Of those started, 66,000 were finished and the remaining 33,600 were 40% complete at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were:

Multiple Choice

86,800.

109,200.

82,400.

66,000.

105,440.