1. The Falcon Company does not maintain backup documents for its computer files. In June, some of the current data were lost, and you have been asked to help reconstruct the data. The following beginning balances on June 1 are known:

	Direct Materials Inventory	$	12,700
	Work-in-Process Inventory		5,200
	Finished Goods Inventory		12,700
	Manufacturing Overhead Control		23,500
	Accounts Payable		6,700

Reviewing old documents and interviewing selected employees have generated the following additional information: The production superintendent's job cost sheets indicated that materials of $3,300 were included in the June 30 Work-in-Process Inventory. Also, 370 direct labor-hours had been paid at $5.00 per hour for the jobs in process on June 30. The Accounts Payable account is only for direct material purchases. The clerk remembers clearly that the balance in the Accounts Payable on June 30 was $8,700. An analysis of canceled checks indicated payments of $47,000 were made to suppliers during June. Payroll records indicate that 5,900 direct labor-hours were recorded for June. It was verified that there were no variations in pay rates among employees during June.

Records at the warehouse indicate that the Finished Goods Inventory totaled $17,400 on June 30. Another record kept manually indicates that the Cost of Goods Sold in June totaled $91,000. The predetermined overhead rate was based on an estimated 67,000 direct labor-hours for the year and an estimated $134,000 in manufacturing overhead costs.

What is the amount of direct materials purchased during June?

a.$45,000.

b.$47,000.

c.$49,000.

d.$51,000.

2. The Falcon Company does not maintain backup documents for its computer files. In June, some of the current data were lost, and you have been asked to help reconstruct the data. The following beginning balances on June 1 are known:

	Direct Materials Inventory	$	13,200
	Work-in-Process Inventory		5,700
	Finished Goods Inventory		14,200
	Manufacturing Overhead Control		28,500
	Accounts Payable		7,200

Reviewing old documents and interviewing selected employees have generated the following additional information:

The production superintendent's job cost sheets indicated that materials of $3,800 were included in the June 30 Work-in-Process Inventory. Also, 420 direct labor-hours had been paid at $8.00 per hour for the jobs in process on June 30. The Accounts Payable account is only for direct material purchases. The clerk remembers clearly that the balance in the Accounts Payable on June 30 was $9,200. An analysis of canceled checks indicated payments of $52,000 were made to suppliers during June. Payroll records indicate that 6,400 direct labor-hours were recorded for June. It was verified that there were no variations in pay rates among employees during June. Records at the warehouse indicate that the Finished Goods Inventory totaled $18,400 on June 30. Another record kept manually indicates that the Cost of Goods Sold in June totaled $96,000. The predetermined overhead rate was based on an estimated 72,000 direct labor-hours for the year and an estimated $216,000 in manufacturing overhead costs.

What is the Cost of Goods Manufactured for June?

a/$100,200.

b.$96,000.

c.$104,400.

d. $111,400.

3.Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November. (CMA Exam adapted)

	Units
Work in process, November 1st		17,900
Started in production during November		119,000
Work in process, November 30th		25,900

The beginning inventory was 70% complete as to materials and 10% complete as to conversion costs. The ending inventory was 90% complete as to materials and 30% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $56,460; direct labor, $22,220; manufacturing overhead, $17,140. Costs incurred during the month: direct materials, $487,000; direct labor, $201,880; manufacturing overhead, $410,160. What is the equivalent unit cost for the conversion costs assuming Bentley uses weighted-average process costing?

a.$4.67.

b.$5.23.

c.$5.48.

d.$5.58.