Question
Please someone help in these 4 questions. Please only reply if u r expert in accounting. Dont suggest me wrong answers. 1. Sigma, Inc., manufactures
Please someone help in these 4 questions. Please only reply if u r expert in accounting. Dont suggest me wrong answers.
1. Sigma, Inc., manufactures sunflower oil. The seeds are first conditioned and then transferred to the crushing department. The unit of measure for the conditioning department is pounds and that of the crushing department is ounces. Each pound of transferred-in materials converts to 38.34 ounces of unrefined sunflower oil. To convert the transferred-in materials to the new output measure, the transferred-in units need to be multiplied by 38.34. Data regarding the crushing department for the month of March is as follows:
Units in beginning work in process (BWIP) | 405,769 ounces |
Units transferred from conditioning department | 33,069 pounds |
Determine the total units to account for in March.
a.1,673,634 ounces
b.20,500 pounds
c.1,375,500 ounces
d.19,800 pounds
2. Redrock, Inc., manufactures car batteries and follows the weighted average costing method. Following data are provided for the month of December:
Units completed and transferred out | 50,000 units |
Units in ending work in process (Direct materials 100% complete Conversion costs 50% complete) | 20,000 units |
Determine the equivalent units of output for the month of December with respect to conversion costs.
a.40,000 units
b.60,000 units
c.70,000 units
d.50,000 units
3. Gamboge Company manufactures chocolate bars. The total cost per equivalent unit is $2.50. The expected spoiled units were 10 percent of total production. The number of good units produced in the month of June were 50,000 units, and the number of spoiled units were 4,500 units. All the units were 100 percent complete. Determine the cost of goods transferred out for the month of June.
a.$125,000
b.$15,000
c.$136,250
d.$11,250
4. If a spoilage is normal (expected), the cost of spoiled units is:
a.subtracted from direct material costs.
b.subtracted from the cost of goods sold.
c.added to direct labor costs.
d.added to the cost of the good units.
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