1. During June, Kimbrell Manufacturing completed and transferred out 100,000 units. In EWIP, there were 25,000 units, 40 percent complete. Using the weighted average method, the equivalent units are
a. 100,000 units.
b. 125,000 units.
c. 105,000 units.
d. 110,000 units.
e. 120,000 units.

2. For August, Kimbrell Company has costs in BWIP equal to $50,000. During August, the cost incurred was $450,000. Using the weighted average method, Kimbrell had 125,000 equivalent units for August. There were 100,000 units transferred out during the month. The cost of goods transferred out is
a. $500,000.
b. $400,000.
c. $450,000.
d. $360,000.
e. $50,000.

3. For September, Murphy Company has manufacturing costs in BWIP equal to $100,000. During September, the manufacturing costs incurred were $650,000. Using the weighted average method, Murphy had 100,000 equivalent units for September. The equivalent unit cost for September is
a. $1.00.
b. $7.50.
c. $6.50.
d. $6.00.
e. $6.62.

4. During June, Faust Manufacturing started and completed 80,000 units. In BWIP, there were 25,000 units, 60 percent complete. In EWIP, there were 25,000 units, 40 percent complete. Using FIFO, the equivalent units are
a. 80,000 units.
b. 100,000 units.
c. 90,000 units.
d. 105,000 units.
e. 85,000 units.

5. During July, Faust Manufacturing started and completed 80,000 units. In BWIP, there were 25,000 units, 20 percent complete. In EWIP, there were 25,000 units, 80 percent complete. Using FIFO, the equivalent units are
a. 80,000 units.
b. 85,000 units.
c. 65,000 units.
d. 120,000 units.
e. 100,000 units.

6. Assume for August that Faust Manufacturing has manufacturing costs equal to $80,000. During August, the cost incurred was $720,000. Using the FIFO method, Faust had 120,000 equivalent units for August. The cost per equivalent unit for August is
a. $6.12.
b. $6.50.
c. $5.60.
d. $6.67.
e. $6.00.

7. For August, Lanny Company had 25,000 units in BWIP, 40 percent complete, with costs equal to $36,000. During August, the cost incurred was $450,000. Using the FIFO method, Lanny had 125,000 equivalent units for August. There were 100,000 units transferred out during the month. The cost of goods transferred out is
a. $500,000.
b. $400,000.
c. $450,000.
d. $360,000.
e. $50,000.

8. When materials are added either at the beginning or the end of the process, a unit cost should be calculated for the
a. materials and labor categories.
b. materials category only.
c. materials and conversion categories.
d. conversion category only.
e. labor category only.

9. With nonuniform inputs, the cost of EWIP is calculated by
a. multiplying the unit cost in each input category by the equivalent units of each input found in EWIP.
b. subtracting the cost of goods transferred out from the total cost of materials.
c. adding the materials cost to the conversion cost.
d. multiplying the total unit cost by the units in EWIP.
e. none of the above.

10. Transferred-in goods are treated by the receiving department as
a. units started for the period.
b. a material added at the beginning of the process.
c. a category of materials separate from conversion costs.
d. All of the above.
e. None of the above.