3.

Ok Corporation uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of June.

	Materials	Conversion
Cost per equivalent unit	$ 33.50	$ 29.20
Equivalent units in ending work in process	1,730	730

During the month, 9,300 units were completed and transferred from the Assembly Department to the next department.

Required:

Determine the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method. (Omit the "$" sign in your response.)

	Total amount
Cost of ending work in process inventory	$
Cost of units completed and transferred out	$

4.

Corio Corporation reports that at an activity level of 4,200 units, its total variable cost is $261,744 and its total fixed cost is $121,948.

Required:

For the activity level of 4,300 units, compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the relevant range. (Round your "Average cost" to 2 decimal places and other answers to the nearest dollar amount.)

(a)

Total variable cost

$

(b)

Total fixed cost

$

(c)

Total cost

$

(d)

Average variable cost

$

per unit

(e)

Average fixed cost

$

per unit

(f)

Average total cost

$

per unit

5.

Bumpass Corporation's contribution margin ratio is 71% and its fixed monthly expenses are $ 51,000. Assume that the company's sales for May are expected to be $ 110,000.

Required:

Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. (Omit the "$" sign in your response.)

Net operating income

$