Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 65 45 Cost Materials costs $5,700 Conversion costs $6,800 A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $125,500 Conversion costs $207,000 was 50% complete with respect to materials and 35% complete with respect to conversion costs The ending inventory The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round your intermediate calculations to 3 decimal places.) Multiple Choice $322,777 $345,000 $332,500 $377,485 Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 800 $ 12,900 $ 5,000 75 Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during 208 9,500 8,400 the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory $172,000 $240,200 1,900 Percent complete with respect to materials Percent complete with respect to conversion 908 30% What are the equivalent units for conversion costs for the month in the first processing department? Multiple Choice 8,400 8,970 570 10,300 The Werner Corporation uses the weighted-average method in its process costing system. The company recorded 24,400 equivalent units for conversion costs for November in a particular department. There were 4,000 units in the ending work in process inventory on November 30 which were 60% complete with respect to conversion costs. The November 1 work in process inventory consisted of 5,000 units which were 40% complete with respect to conversion costs. A total of 22,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was: Multiple Choice 26,000 units 21,000 units 17,000 units 22,000 units Vallin Manufacturing Corporation's beginning work in process inventory consisted of 8,000 units, 100% complete with respect to materials cost and 60% complete with respect to conversion costs. The total cost in the beginning inventory was $36,000. During the month, 40,0o0 units were transferred out. The equivalent unit cost was computed to be $2.50 for materials and $3.00 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was: Multiple Choice $220,000 $185,600 $184,000 $256,000
