1. A company using process costing gathered the following data: Beginning Work in Process Inventory 600 units Transferred in from another department 2,100 units Completed during the month 2,000 units Ending Work in Process Inventory 700 units What are the units to be accounted for?

$3,300

$5,400

$2,700

$3,400

2. Smith Company uses process costing and has two processing departments. When department 2 completes its processing the cost will be moved to

Department 1

Finished Goods Inventory

Cost of Goods Sold

Accounts Receivable

3. In process costing, the allocation of current period cost to ending WIP will be based on

Beginning WIP EUP

Finished Goods EUP

Started and Completed Units EUP

Ending WIP EUP

4. GatorAid Co. most likely uses which type of costing system

job order

first-in, first-out

process

departmental