In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $25,000 and ending work in process inventory of
In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $25,000 and ending work in process inventory of $31,000. During the month, $248,000 of costs were added to production and the cost of units transferred out from the department was $242,000. 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 $56,000 $273,000 $546,000 $521,000
Item34 Time Remaining 2 hours 48 minutes 27 seconds 02:48:27 Item34 Item 34 Time Remaining 2 hours 48 minutes 27 seconds 02:48:27 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 78 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 70 86 108 98
Item35 Time Remaining 2 hours 48 minutes 17 seconds 02:48:17 Item35 Item 35 Time Remaining 2 hours 48 minutes 17 seconds 02:48:17 Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,800 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,100 65% Conversion costs $ 8,200 45% A total of 9,300 units were started and 7,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 126,900 Conversion costs $ 208,400 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department? Multiple Choice 8,630 7,300 1,330 11,100 Item36 Time Remaining 2 hours 48 minutes 4 seconds 02:48:04 Item36 Item 36 Time Remaining 2 hours 48 minutes 4 seconds 02:48:04 Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 1,600 Materials costs $ 8,000 Conversion costs $ 3,300 Percent complete with respect to materials 55 % Percent complete with respect to conversion 25 % Units started into production during the month 7,500 Units transferred to the next department during the month 6,700 Materials costs added during the month $ 111,100 Conversion costs added during the month $ 84,200 Ending work in process inventory: Units in ending work in process inventory 2,400 Percent complete with respect to materials 70 % Percent complete with respect to conversion 55 % The total cost transferred from the first processing department to the next processing department during the month is closest to: Garrison 16e Rechecks 2017-08-28 Multiple Choice $193,610 $184,310 $168,317 $209,300
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