Question
I have some mc questions that I need help with. Can you show work or expain how you get the solutions. Read, Inc. instituted a
I have some mc questions that I need help with. Can you show work or expain how you get the solutions.
Read, Inc. instituted a new process in October 2012. During October, 26,000 units were started in Department A. Of the units started, 20,800 were transferred to Department B, and 5,200 remained in Work-in-Process at October 31, 2012. The Work-in-Process at October 31, 2012, was 100% complete as to material costs and 50% complete as to conversion costs. Material costs of $90,450 and conversion costs of $99,450 were charged to Department A in October. What were the total costs transferred to Department B assuming Department A uses weighted-average process costing? |
a$137,360.b$166,500.c$160,760.d$189,900.
The Wisco Company has a process cost system. All materials are added when the process is first begun. At the beginning of September, there were no units of product in process. During September 52,000 units were started; 5,200 of these were still in process at the end of September and were 60% finished. The equivalent units for the conversion costs in September were: |
a52,000. b41,600. c49,920. d46,800.
The WISCO Company uses a weighted-average process costing system. The following data are available: |
Beginning inventory | -0- | |
Units started in production | 28,000 | |
Units finished during the period | 20,000 | |
Units in process at the end of the period (Complete as to materials, 1/4 complete as to labor and overhead) | 8,000 | |
Cost of materials used | $ | 36,800 |
Labor and overhead costs | $ | 54,860 |
Equivalent units of production for material are: |
a28,000. b24,000. c22,000. d20,000.
RST Company incurred $140,000 in material costs during July. Additionally, the 14,100 units in theWork-in-Process Inventory on July 1 had materials assigned to them of $36,200, even though they were only 5% complete as to materials. No additional units were started during July, and there were no unfinished units on hand on July 31. What is the material cost per unit for July, assuming RST uses weighted-average process costing? (Round your final answer to 2 decimal places.) |
a$9.93 per unit. b$12.50 per unit. c$13.80 per unit. d$7.36 per unit.
Department A had no Work-in-Process at the beginning of the period, 1,600 units were completed during the period, 500 units were 50% completed at the end of the period, and the following manufacturing costs were debited to the departmental Work-in-Process account during the period |
Direct materials (2,100 at $16.00) | $ | 33,600 |
Direct labor | 16,650 | |
Factory overhead | 11,100 |
Assuming that all direct materials are added at the beginning of production and Department A uses weighted-average process costing, what is the total cost of the departmental Work-in-Process Inventory at the end of the period? |
a$11,750. b$14,607. c$7,304. d$8,000.
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