q1

Kalyan Corporation uses the FIFO method in its process costing system. Operating data for the Enameling Department for the month of May appear below:

	Units	Percent Complete with Respect to Conversion
Beginning work in process inventory	1,300	20	%
Transferred in from the prior department during May	59,000
Ending work in process inventory	6,700	70	%

What were the equivalent units of production for conversion costs in the Enameling Department for May?

Multiple Choice

• 58,030

• 53,600

• 58,290

• 64,400

q2 Ozdemir Corporation uses the FIFO 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		1,200
Materials costs	$	3,800
Conversion costs	$	1,600
Percent complete with respect to materials		55	%
Percent complete with respect to conversion		10	%
Units started into production during the month		7,000
Units transferred to the next department during the month		6,500
Materials costs added during the month	$	94,800
Conversion costs added during the month	$	148,800
Ending work in process inventory:
Units in ending work in process inventory		1,700
Percent complete with respect to materials		85	%
Percent complete with respect to conversion		70	%

What are the equivalent units for conversion costs for the month in the first processing department?

Multiple Choice

• 8,200

• 7,570

• 5,300

• 1,190

q3 Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 500 units. The costs and percentage completion of these units in beginning inventory were:

	Cost				Percent Complete
Materials costs	$	5,600				50%
Conversion costs	$	1,800				20%

A total of 6,900 units were started and 6,200 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	$	158,800
Conversion costs	$	120,500

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

• 700

• 1,200

• 6,400