Calculator The following production data were taken from the records of the Finishing Department for June Inventory in process, June 1, 30% completed 4,000 units Completed units during June 65,000 units Ending Inventory, 60% completed 65,000 units The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first in, first-out method is used to cost Inventories and materials were added at the beginning of the process, is Oa. 68,000 units Ob. 76,000 units c. 72,000 units d. 7,000 units Previous Submit Test for Grading Calculator The following unit data were assembled for the assembly process of Super Co. for the month of April. Direct materials are added at the beginning of the process Conversion costs are added uniformly over the production process. The company uses the FIFO method. Units Beginning work in process, 60% completed 5,000 Units started in April 48,000 Ending work in process, 30% completed 4,000 The number of equivalent units produced with respect to conversion costs is Oa. 53,000 Ob. 46,200 Oc. 48,000 d. 50,200 Previous Next Submit Test for Grading All work saved. Calculator Department Mhad 2,500 units 57% completed in process at the beginning of June, 13,100 units completed during June, and 1,700 units 27% completed at the end of June. The number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories is Oa. 10,600 units Ob. 13,559 units c. 15,259 units Od. 12,134 units Previous Next Submit Test for Grading Calculator The portion of whole units that were completed with respect to either materials or conversion costs within a given accounting period is the definition of a. units started and completed Ob. equivalent units c. ending work in process d. conversion costs Previous Next > Submit Test for Grading Calculator Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500, 14,000 units of direct materials were added during the period at a cost of $28,700, 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for conversion if the weighted average method is used to cost inventories was Oa. 14,850 Ob. 18,000 Oc. 15,650 Od. 17,250 Previous Next Submit Test for Grading All work saved Calculator The debits to Work In Process --Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units Conversion costs, 3,000 units, 80% completed Materials added during April 10,000 units Conversion costs during April Goods finished during April, 11,500 units $7,500 6,000 29,000 35,000 April 30, work in process, 1,500 units, 60% completed All direct materials are placed in process at the beginning of the process, and the weighted average method is used to cost The conversion cost per equivalent unit (to the nearest cent) for Aprilis Oa. $2.70 Ob. $5.60 Oc. $2.53 d. $3.31 Previous Next Sut Test for Grading All work saved