1)

The inventory at June 1 and costs charged to Work in ProcessDepartment 60 during June are as follows:

3,800 units, 80% completed ($25,000 materials, $35,400 conversion)		$60,400
Direct materials, 32,000 units		368,000
Direct labor		244,000
Factory overhead		188,000
Total cost to be accounted for		$860,400

During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units that were 40% completed. Inventories are costed by the weighted average method and all materials are added at the beginning of the process.

Determine the following:

Round cost per unit answers to two decimal places, if necessary. Round equivalent units and total cost to the nearest whole number.

a. Equivalent units of production for conversion cost. units

b. Conversion cost per equivalent unit and material cost per equivalent unit.

Conversion cost	$ per equivalent unit
Material cost	$ per equivalent unit

c. Total and unit cost of finished goods completed in the current period.

Unit cost of finished goods completed:	$
Total cost of goods completed during the period:	$

d. Total cost of work in process inventory at June 30. $

2)

The Thomlin Company forecasts that total overhead for the current year will be $11,326,000 with 180,000 total machine hours. Year to date, the actual overhead is $7,576,000 and the actual machine hours are 98,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is

Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.

a.$1,402,000 underapplied

b.$2,103,000 overapplied

c.$1,402,000 overapplied

d.$2,103,000 underapplied

3)

Compute conversion costs given the following data: direct materials, $354,100; direct labor, $193,800; factory overhead, $224,300 and selling expenses, $36,700.

a.$772,200

b.$418,100

c.$187,600

d.$578,400

4)

Selected accounts with a credit amount omitted are as follows

Work in Process
Apr. 1	Balance	7,700	Apr. 30	Goods finished	X
30	Direct materials	67,100
30	Direct labor	190,800
30	Factory overhead	57,240

Finished Goods
Apr. 1	Balance	14,900
30	Goods finished	300,000

What was the balance of Work in Process as of April 30?

a.$22,840

b.$14,900

c.$57,240

d.$300,000