Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 2,400 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 62,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 20,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

Multiple Choice

44,400

79,600

54,720

56,400

Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of the costs charged to all jobs:

Multiple Choice

started in process during the period.

in process during the period

. completed and sold during the period.

completed during the period.

Hache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,350 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $7,760. An additional 89,700 units were started into production during the month and 92,700 units were completed in the Welding Department and transferred to the next processing department. There were 14,350 units in the ending work in process inventory of the Welding Department that were 90% complete with respect to conversion costs. A total of $203,100 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:

Multiple Choice

$2.000

$2.235

$1.996

$2.309

The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 21,200 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.55 for materials and $5.05 for labor and overhead, the total cost assigned to the ending work in process inventory was:

Multiple Choice

$182,320

$109,392

$118,084

$139,496

In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $40,000 and ending work in process inventory of $46,000. During the month, $263,000 of costs were added to production and the cost of units transferred out from the department was $257,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:

Multiple Choice

$86,000

$303,000

$606,000

$566,000

Arona Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum frame. The canoes are then transferred to the Waterproofing department to be coated with sealant. Arona uses a weighted-average process cost system to collect costs in both departments.

All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Department had 30 canoes in process that were 20% complete with respect to conversion cost. On July 31, Fabrication had 20 canoes in process that were 40% complete with respect to conversion cost. During July, the Fabrication Department completed 87 canoes and transferred them to the Waterproofing Department.

What are the Fabrication Department's equivalent units of production related to conversion costs for July?

Multiple Choice

79

95

117

107