Inacio 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		1,500
Materials costs	$	13,600
Conversion costs	$	5,700
Percent complete with respect to materials		75	%
Percent complete with respect to conversion		20	%
Units started into production during the month		10,200
Units transferred to the next department during the month		9,100
Materials costs added during the month	$	172,700
Conversion costs added during the month	$	242,700
Ending work in process inventory:
Units in ending work in process inventory		2,600
Percent complete with respect to materials		90	%
Percent complete with respect to conversion		30	%

The cost per equivalent unit for materials for the month in the first processing department is closest to:

Multiple Choice

• $14.77

• $15.71

• $14.46

• $16.28

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,700 units. The costs and percentage completion of these units in beginning inventory were:

	Cost				Percent Complete
Materials costs	$	6,800				50%
Conversion costs	$	3,000				20%

A total of 8,100 units were started and 7,400 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	$	160,000
Conversion costs	$	121,700

The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs.

The cost per equivalent unit for materials for the month in the first processing department is closest to:

Multiple Choice

• $14.63

• $15.40

• $17.67

• $15.15

Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,600 units. The costs and percentage completion of these units in beginning inventory were:

	Cost				Percent Complete
Materials costs	$	7,200				60%
Conversion costs	$	10,500				55%

A total of 10,800 units were started and 9,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs	$	97,000
Conversion costs	$	171,200

The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs.

How many units are in ending work in process inventory in the first processing department at the end of the month?

Multiple Choice

• 4,300

• 1,900

• 8,200

• 1,700

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were:

	Cost				Percent Complete
Materials costs	$	6,100				65%
Conversion costs	$	7,200				45%

A total of 7,300 units were started and 6,300 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	$	125,900
Conversion costs	$	207,400

The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.

The cost per equivalent unit for materials for the month in the first processing department is closest to:

Multiple Choice

• $16.65

• $17.25

• $18.33

• $15.83

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		700
Materials costs	$	7,100
Conversion costs	$	2,400
Percent complete with respect to materials		55	%
Percent complete with respect to conversion		25	%
Units started into production during the month		6,600
Units transferred to the next department during the month		5,800
Materials costs added during the month	$	110,200
Conversion costs added during the month	$	83,300
Ending work in process inventory:
Units in ending work in process inventory		1,500
Percent complete with respect to materials		70	%
Percent complete with respect to conversion		55	%

The cost of ending work in process inventory in the first processing department according to the companys cost system is closest to: (Round your intermediate calculations to 3 decimal places.)

Multiple Choice

• $24,971

• $44,340

• $31,427

• $28,652

In June, one of the processing departments at Furbush Corporation had ending work in process inventory of $12,100. During the month, $405,000 of costs were added to production and the cost of units transferred out from the department was $427,000.

In the departments cost reconciliation report for January, the cost of beginning work in process inventory for the department would be:

Multiple Choice

• $34,100

• $414,900

• $9,900

• $392,900

Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June.

Sales (6,000 units)	$	330,000
Variable expenses		210,000
Contribution margin		120,000
Fixed expenses		87,500
Net operating income	$	32,500

If the company sells 6,200 units, its net operating income should be closest to: (Do not round intermediate calculations.)

Brewer 8e Rechecks 2018-06-19

Multiple Choice

• $36,500

• $32,500

• $43,500

• $33,583