Question
Use the following information for the next 4 questions.Hendrix, Inc. employs a process costing system. Direct materials are added at the beginning of the process.
Use the following information for the next 4 questions.Hendrix, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information about Julys activities:On July 1:Beginning inventories = 750 units, 60% complete Direct materials cost = $5,925Conversion costs = $4,095During July:15,000 units startedDirect materials added = $150,000Conversion costs added = $83,520On July 31:Ending inventories = 1,500 units, 40% complete
3.Using the weighted average method, the number of equivalent units of material was
a. 15,750
b. 14,250
c. 15,000
d. 13,500
Using the weighted average method, the cost per equivalent unit for conversion costs was
a. $5.80
b. $5.90
c. $6.00
d. $6.10
5.Using the weighted average method, the cost of the goods completed and transferred out was
a. $225,150
b. $225,060
c. $213,300
d. $213,000
Using the weighted average method, the cost of the ending work in process inventory for July was
a. $18,480
b. $18,540
c. $18,330
d. $18,390
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