33. In the cutting department of Chess Company, conversion costs are added uniformly throughout the process. With the information given below, calculate the cost per equivalent unit for conversion using the average cost procedure.

Conversion

Units Costs

Beginning inventory...................... 8,500 $12,800

Started during period.................... 41,000 70,000

Ending work in process inventory

(50% complete).......................... 7,000

A. $1.34

B. $1.80

C. $2.04

D. $1.58

34. ABC Company has a three-stage production cycle. The following data are available for the cutting department for November:

Work in process inventory, November 1

(40% complete).............................. 30,000 units

Started in November.......................... 75,000 units

Work in process inventory, November 30

(50% complete).............................. 20,000 units

Materials are added at the beginning of the process in the cutting department. What are the equivalent units under the average cost procedure for both materials and conversion?

A. Materials: 105,000 units; Conversion: 95,000 units

B. Materials: 93,000 units; Conversion: 83,000 units

C. Materials: 95,000 units; Conversion: 93,000 units

D. Materials: 75,000 units; Conversion: 93,000 units

35. A company using process costing completed and transferred 8,000 units of a product to finished goods. In addition to the transferred units, 4,000 additional units were in process 40% complete when the period ended. In computing average unit cost, how many equivalent units would be used?

A. 12,000

B. 6,400

C. 8,000

D. 9,600

36. A company using process costing completed and transferred 40,000 units of product to finished goods inventory. In addition to the transferred units, 15,000 additional units were in process 60% complete when the period ended. If total conversion costs to be allocated were $61,250, how much conversion cost would be assigned to the ending work in process inventory?

A. $11,250

B. $18,750

C. $20,455

D. $13,500

37. In a joint manufacturing process, a chemical company produces 10,000 gallons of the chemical Argon, and 10,000 gallons of the chemical Krylon. The joint costs of processing are $45,000 for materials and $160,000 for conversion costs. The Argon sells for a total of $273,000, and the Krylon for $182,000. Using the relative sales value method, the costs to be assigned to Krylon are:

A. $123,000

B. $82,000

C. $102,500

D. $64,000