15. Brand Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 18,800 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $2.95 for materials and $4.45 for labor and overhead, the total cost assigned to the ending work in process inventory was:

Multiple Choice

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$139,120

$83,472

$88,924

$105,656

16. Brand Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the departments operations in January.

	Units				Percent Complete with Respect to Conversion
Beginning work in process inventory		7,800				10	%
Transferred in from the prior department during January		65,000
Completed and transferred to the next department during January		64,800
Ending work in process inventory		8,000				80	%

The Molding Departments cost per equivalent unit for conversion cost for January was $3.20. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?

Multiple Choice

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$22,107.70

$25,600.00

$20,480.00

$5,120.00

17. Brand Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 16,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $24,400. A total of 49,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.20 for materials and $4.00 for conversion costs. The total cost of the units completed and transferred out of the department was:

Multiple Choice

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$254,800

$260,000

$196,000

$240,800

18. In July, one of the processing departments at Brand Corporation had beginning work in process inventory of $14,000 and ending work in process inventory of $19,000. During the month, the cost of units transferred out from the department was $149,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:

Multiple Choice

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$33,000

$120,000

$133,000

$168,000