managerial accounting problems based on chapter 1 to 4

1. Dodd Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 590 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $6,800 $5,800 Percent Complete 80% 15% A total of 9,000 units were started and 7,950 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 Conversion costs $136,800 $322,800 The ending inventory was 70% complete with respect to materials and 80% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. What are the equivalent units for conversion costs for the month in the first processing department? 9,262 Units 7,950 Units 1,312 Units 9,590 Units 0 2. Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 46,000 actual direct labor-hours and incurred $880,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 44,000 direct labor-hours during the year and incur $836,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: 3. Oleksy Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June. Cost per equivalent unit Equivalent units in ending work in process Materials $ 31.90 1,570 Conversion $ 27.60 570 During the month, 7,700 units were completed and transferred from the Assembly Department to the next department. Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method. Cost of ending work in progress inventory -------------------------------------Cost of unit completed and transferred out