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Rathburn, Inc. is a service firm that uses process costing. The firm worked on a total of 1,300 cases this month, 800 of which were
Rathburn, Inc. is a service firm that uses process costing. The firm worked on a total of 1,300 cases this month, 800 of which were completed during the period. The remaining cases were 35% complete. The firm incurred $190,100 in direct labor and manufacturing overhead costs during the period, and had $4,900 in direct labor and manufacturing costs in beginning inventory. Using the weighted average method, what was the total cost of cases completed during the period? Multiple Choice $35,000 $357,200 $160,000 $35,720 Kenney Co. uses process costing to account for the production of canned energy drinks. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. Beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. April costs were $57,600 for materials and $64,000 for conversion costs. Ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). The total cost per unit using the weighted average method would be closest to: Multiple Choice $7.0000 $7.9833 o $6.9091 $72500 TryFit Co. uses process costing to account for the production of energy food bars. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory consisted of $7,000 in materials and $4,000 in conversion costs. April costs were $36,000 for materials and $40,000 for conversion costs. During April 8,000 units were completed. Ending work in process inventory was 4,000 units (100% complete for materials, 50% for conversion). The value of ending inventory using the weighted average method would be closest to: Multiple Choice $23.133.20 $65,000.00 $31,933.20 $15,966.60
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