Note: this question assumes the weighted-average method of production costing. Please also scan your notes after completion of the exam.

THOSE ARE OPTIONS FOR ANSWERS

The Planet Greenhouse produces winter growing pots for garden centres. Materials and conversion costs in the Kiln Handling Department are applied at various rates in the manufacturing process.

For September 2020, the beginning work in process inventory in the Kiln Handling Department was 3,650 units that were 80% complete with respect to materials and 40% complete with respect to conversion costs. The ending work in process inventory was 6,150 units averaging 30% completion with respect to materials and 15% complete for conversion costs.

Production data shows that 52,000 units were started in production during the month. Beginning work in process inventory costs included $12,851 for materials and $9,563 for conversion costs. For the period, additional costs of $856,933 for materials and $940,630 for conversion costs were added.

2. Calculate the number of equivalent units of materials for the period.

Answer 1

Choose...

53,220

53,900

51,345

51,600

49,500

$16.23

$16.14

53,604

$16.40

53,150

$16.94

52,060

1. How many units were completed and transferred out of the Kiln Handling Department?

Answer 2

Choose...

53,220

53,900

51,345

51,600

49,500

$16.23

$16.14

53,604

$16.40

53,150

$16.94

52,060

3. What is the cost per equivalent unit for material?