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16 During March, the production department of a process operations system completed and transferred to finished goods 28,000 units that were in process at the
16 During March, the production department of a process operations system completed and transferred to finished goods 28,000 units that were in process at the beginning of March and 180,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 62% complete with respect to conversion. At the end of March, 37,000 additional units were in process in the production department and were 100% complete with respect to materials and 37% complete with respect to conversion. Compute the number of physical units transferred to finished goods. 10 points 8 03:30:37 Multiple Choice Skipped 221,000. eBook 245,000. Ask O 180,000. O 175,000 O 208,000. 20 Luker Corporation uses a process costing system. The company had $162,500 of beginning Finished Goods Inventory on October 1. It transferred in $839,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $160,200. The entry to account for the cost of goods manufactured during October is: 10 Multiple Choice points X 03:30:28 Debit Finished Goods Inventory $160,200; credit Cost of Goods Sold $160,200. Skipped O Debit Cost of Goods Sold $839,000; credit Finished Goods Inventory $839,000. eBook Ask Debit Cost of Goods Sold $841,300; credit Work in Process Inventory $841,300. Debit Cost of Goods Sold $841,300; credit Finished Goods Inventory $841,300. Debit Finished Goods Inventory $839,000; credit Work in Process Inventory $839,000. 21 Western Company allocates $10 overhead to products based on the number of machine hours used. The company uses a plantwide overhead rate with machine hours as the allocation base. Given the amounts below, how many machine hours does the company expect in department 2? 10 points Estimated: Manufacturing overhead costs Direct labor hours Machine hours Department 1 $263,000 9,300 DLH 16,300 MH Department 2 $ 163,000 25,000 DLH ? MH X 03:30:23 Skipped Multiple Choice eBook 87,830 MH Ask 94,500 MH O O 146,730 MH O 35,600 MH O 26,300 MH
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