1.Given the following data for Bonita Industries, compute (A) total manufacturing costs and (B) cost of goods manufactured:

Direct materials used $300000

Beginning work in process $30000

Direct labor 250000

Ending work in process 15000

Manufacturing overhead 355000

Beginning finished goods 38000

Operating expenses 363000

Ending finished goods 23000

(A)(B)

a. $905000 $920000

b. $920000 $935000

c. $890000 $920000

d. $905000 $890000

2. As of December 31, 2017, Concord Corporation had $3000 of raw materials inventory. At the beginning of 2017, there was $2500 of materials on hand. During the year, the company purchased $305000 of materials; however, it paid for only $242500. How much inventory was requisitioned for use on jobs during 2017?

a. $292000

b. $304500

c. $293000

d. $305500

3. Total physical units are 39200. Total conversion costs are $93000. There are 900 units in ending inventory which are 50% complete s to conversion costs. What is the unit conversion cost?

a. $4.75.

b. $2.40.

c. $2.32.

d. $2.37.

4. The Slicing Department production process shows:

Units

Beginning Work in Process 9800

Ending Work in Process 50600

Total units to be accounted for 180500

How many units were started into production in the Slicing Department?

a. 190300.

b. 129900.

c. 170700.

d. 180500.

5. Sunland Company has 6000 units in beginning work in process, 40% complete s to conversion costs, 75400 units transferred out to finished goods, and 1900 units in ending work in process 20% complete s to conversion costs. The beginning and ending inventory is fully complete s to materials costs. How much are equivalent units of production for conversion costs if the FIFO method is used?

a. 71300

b. 73500

c. 75780

d. 77300

6.

Incomplete manufacturing test data for Hnr'izen -Cu:|:r1':|::uan|,I fer EU 1? are prented as fellnws fur feur diFFer'ent situatiuns. Indicate the missing amount for each letter. Dirent hired: Tuinl Work In Hark In Materiell Lab-ul- Mlmfnnhl'in Mlmfnnhrin Frauen Prune-I Cult uf Genet Haul lllall Dull-head Cult- 11'! 12131 Manufactured {1} $12.2lil $14E.E|EICI sgj $ (ail 535.6413 $ {b} ijl {2} {c} 202.100 13510:] 455.1 {d} 43.?IZID 438.000 {3} 84.IZIIZII manna e] EEEIHIIIEJ 65.2% 34.5% {F} {4} ills-[IE] {g} ?E|.EIIIIJ 293.3% 4?.EIIZIEI {h} 2?4.T-"IZIU Prepare a eundensed test eF gueds manufactured schedule Fer situatien [1] for the year ended December 31r M11 Human CMPAN'I" Cutdfonda Hmufactured Edi-Hula duh H ll! u ll! duh duh duh H Tierney Cn:|n'|5:niln',,I begins operations on April 1. Information From- job cost sheels shows the Following. Manufacturing Costa Assigned Jab Month lumbar April May June Cnmplabd 10 $5.500 $5.900 Mar.r 11 6.100 4.000 $2 .400 June 12 1.400 April 13 5.500 4.600 June 14 ?.000 3.000 Not complete Jol: 1.2 was completed in April. Job 1.0 was completed in Hair. Jobs 11. and 13 were completed in June. Each job was sold for 25% above its cost in the month following :ompletior 1" {a} What is the balance in Work in Process Inventory.r at the end of each month? Work in Frau-l Imnhlrr April 30 3 H 31 ay 3 June 30 The Sanding Department of Quik Furniture I!3ompan-,.r has the following production and manufacturing cost data for March 201?, the rst rnonth of operation. Production: 636-0 units nished and transferred out'r ELEM units started that are l't'n complete as to materials and ZU'H: complete as to conversion costs. Hanucturfng oasis: Materials $29,6T; labor $20,8EIEI', overhead $36,381 Prepare a production cost report. {Round unit costs to 2 decimal places, e.y. 2.25.) QUIK FURNITURE COMPANY Sanding Deparhnmt Produeon Coat Kmart Fertile Month Ended Martin 31, Eli? Equivalent Llnih \"11"an Donner-ion Quantities Unit: Halal-lull Cult- Unil: to be accounted for Work in prooevssr March I Started into production Total units Unil: accounted for Transferred out Work in prooess, March Ell Total units Donner-ion Eolh Materials Cult- 'I'ohll Unit costs Total Costs $ $ $ Equivalent unit: Unit cosi: $ $ $ Costs to be accounted for Work in processr March 1 $ Started into production Total costs $ Holt Innonnilintinn Sol-indul- Costs acoou nted for Transferred out $ Work in prooe-ss, March Ell Materials Conversion costs Total costs