Current information for the Healey Company follows:

Beginning raw materials inventory	$	27,200
Raw material purchases		72,000
Ending raw materials inventory		28,600
Beginning work in process inventory		34,400
Ending work in process inventory		40,000
Direct labor		54,800
Total factory overhead		42,000

All raw materials used were traceable to specific units of product. Healey Company's Cost of Goods Manufactured for the year is:

Multiple Choice

• $161,800.

• $164,600.

• $167,400.

• $173,000.

• $163,000.

The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the Duerr Company follows:

Beginning raw materials inventory	$	16,000
Ending raw materials inventory		19,000
Raw material purchases		93,000
Beginning work in process inventory		28,000
Ending work in process inventory		38,000
Direct labor		118,000
Total factory overhead		93,000
Beginning finished goods inventory		68,000
Ending finished goods inventory		48,000

The company's cost of raw materials used, cost of goods manufactured and cost of goods sold is:

Multiple Choice

• 	Cost of Materials Used	Cost of Goods Manufactured	Cost of Goods Sold
  A.	$93,000	$291,000	$271,000

• B.

  $96,000

  $291,000

  $311,000

• C.

  $90,000

  $311,000

  $271,000

• D.

  $90,000

  $291,000

  $311,000

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 81,000 units, 80% complete as to materials and 20% complete as to conversion. Units started and completed: 252,000. Units completed and transferred out: 333,000. Ending Inventory: 30,500 units, 30% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $38,200. Costs in beginning Work in Process - Conversion: $80,700. Costs incurred in October - Direct Materials: $710,130. Costs incurred in October - Conversion: $920,300. Calculate the cost per equivalent unit of materials.

Multiple Choice

• $2.81

• $2.52

• $2.09

• $2.37

• $2.19

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 95,000 units, 70% complete as to materials and 20% complete as to conversion. Units started and completed: 265,000. Units completed and transferred out: 360,000. Ending Inventory: 37,500 units, 30% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $52,200. Costs in beginning Work in Process - Conversion: $94,700. Costs incurred in October - Direct Materials: $802,800. Costs incurred in October - Conversion: $1,091,050. Calculate the cost per equivalent unit of conversion.

Multiple Choice

• $2.71

• $3.44

• $3.16

• $4.12

• $2.96

Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in its Polishing Department:

Equivalent units of productiondirect materials		102,000	EUP
Equivalent units of productionconversion		88,000	EUP
Costs in beginning Work in Processdirect materials	$	54,800
Costs in beginning Work in Processconversion	$	40,300
Costs incurred in Februarydirect materials	$	463,500
Costs incurred in Februaryconversion	$	582,200

The cost per equivalent unit of production for direct materials is:

Multiple Choice

• $4.54

• $5.08

• $10.25

• $5.71

• $5.89