Question
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging). During the year-end, the following production information have been obtained from
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, how many units have been completed & transferred out FROM Molding Department?
Question 41 options:
76,375 units | |
60,000 units | |
73,500 units | |
85,000 units |
Question 42 (1 point)
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, the amount transferred from Molding Department to Packaging Department is:
Question 42 options:
$235,200 | |
$225,200 | |
$261,650 | |
$170,000 |
Question 43 (1 point)
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, the equivalent unit of Molding Department is:
Question 43 options:
| 73,500 units for direct materials 76,375 units for conversion costs | |
| 85,000 units for direct materials 76,375 units for conversion costs | |
| 76,375 units for direct materials 85,000 units for conversion costs | |
| 85,000 units for direct materials 85,000 units for conversion costs |
Question 44 (1 point)
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, the cost per equivalent unit of Molding Department is:
Question 44 options:
| $2.20/unit for direct materials $3.00/unit for conversion costs | |
| $3.00/unit for direct materials $2.20/unit for conversion costs | |
| $2.00/unit for direct materials $1.20/unit for conversion costs | |
| $1.20/unit for direct materials $2.00/unit for conversion costs |
Question 45 (1 point)
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, the equivalent units of Packaging Department is:
Question 45 options:
| 73,350 for transferred-in 73,400 for direct materials 73,350 for conversion costs | |
| 73,000 for transferred-in 73,000 for direct materials 73,000 for conversion costs | |
| 73,500 for transferred-in 73,350 for direct materials 73,500 for conversion costs | |
| 73,500 for transferred-in 73,500 for direct materials 73,350 for conversion costs |
Question 46 (1 point)
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, the cost per equivalent units of Packaging Department is:
Question 46 options:
| $3.20/unit for transferred-in $1.25/unit for direct materials $1.50/unit for conversion costs | |
| $3.20/unit for transferred-in $1.50/unit for direct materials $1.25/unit for conversion costs | |
| $3.20/unit for transferred-in $1.50/unit for direct materials $1.50/unit for conversion costs | |
| $3.20/unit for transferred-in $1.25/unit for direct materials $1.25/unit for conversion costs |
Question 47 (1 point)
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, the Packing Department has finished _____________ units.
Question 47 options:
73,000 | |
73,500 | |
70,000 | |
73,350 |
Question 48 (1 point)
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, the Packing Department has finished and transferred $____________ worth of inventories to finished goods.
Question 48 options:
$434,350.00 | |
$437,137.50 | |
$235,200.00 | |
$233,600.00 |
Question 49 (1 point)
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
If finished goods inventory has a beginning balance of 10,130 units @ $5.00/unit, what is the cost per unit of the available for sale using the weighted average method? (rounded to the nearest cent)
Question 49 options:
$5.83/unit | |
$6.00/unit | |
$5.00/unit | |
$5.95/unit |
Question 50 (1 point)
EJ-KD manufactures plastic cups that undergo two departments during the process (molding and packaging).
During the year-end, the following production information have been obtained from both departments:
| Molding | |
| WIP, beginning units | 25,000.00 |
| Started units | 60,000.00 |
| WIP, ending units | 11,500.00 |
| Costs added | |
| Direct material | $ 160,000.00 |
| Conversion cost | $ 80,000.00 |
| Beginning balances | |
| WIP, beginning | $ 21,650.00 |
| Direct material | $ 10,000.00 |
| Conversion cost | $ 11,650.00 |
| Direct materials are 100% completed | |
| Conversion cost is 25% completed |
| Packaging | |
| WIP, beginning units | - |
| WIP, ending units | 500.00 |
| Costs added | |
| Direct material | $ 100,000.00 |
| Conversion cost | $ 90,000.00 |
| Beginning balances | |
| WIP, beginning | $ 11,937.50 |
| Direct material | $ 10,250.00 |
| Conversion cost | $ 1,687.50 |
| Direct materials are 100% completed | |
| Conversion cost is 70% completed |
Using weighted average process costing method, what is the ending work-in-process for both departments?
Question 50 options:
| $21,650.00 - Molding Department $11,937.50 - Packaging Department | |
| $11,500.00 - Molding Department $500.00 - Packaging Department | |
| $26,450.00 - Molding Department $2,787.50 - Packaging Department | |
| $2,787.50 - Molding Department $26,450.00 - Packaging Department |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th Edition
1-119-57105-6, 978-1119571056
