A- Jimmy Corporation uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9,000 units. The ending work in process inventory is 100% complete with respect to materials and 70% complete with respect to labor and overhead. If the cost per equivalent unit for the period is $3.75 for material and $1.25 for labor and overhead, what is the balance of the ending work in process inventory account?

$45,000

$33,750

$31,500

$41,625

B-

Jeoffroy Inc. uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of November.

	Materials		Conversion
Work in process, November 1	$	15,400	$	5,900
Cost added to production in the assembly department during November	$	183,270	$	165,876
Equivalent units of production for November		7,870		7,040

Required:

Compute the costs per equivalent unit for the Assembly Department for November. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

	Materials	Conversion
Cost per equivalent unit	$	$

c- Which of the following are needed to compute the cost per equivalent unit for materials under the weighted-average method of process costing?

D-

The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $2,127. A total of 32 direct labor-hours and 256 machine-hours were worked on the job. The direct labor wage rate is $20 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $27 per machine-hour. The total cost for the job on its job cost sheet would be:

$6,635

$11,824

$9,679

$7,054

E-

Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory	700
Materials costs	$10,600
Conversion costs	$9,500
Percent complete with respect to materials	65%
Percent complete with respect to conversion	30%
Units started into production during the month	17,300
Units transferred to the next department during the month	16,800
Materials costs added during the month	$168,980
Conversion costs added during the month	$303,430
Ending work in process inventory:
Units in ending work in process inventory	1,200
Percent complete with respect to materials	60%
Percent complete with respect to conversion	25%

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed.

The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round your cost per equivalent unit answers to 2 decimal places.)

$488,171

$494,571

$479,640

$518,750

F- For which situation(s) below would an organization be more likely to use a process costing system of rather than a job-order costing system?

a framing shop that builds picture frames to order for individual customers

a paper mill that processes wood pulp into large rolls of paper

a masonry company that builds brick walls, bulkheads, and walkways designed by architects

a shop that restores old cars to "showroom" quality

G- Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $55,800 and at the end of the month was $45,400. The cost of goods manufactured for the month was $325,000. The actual manufacturing overhead cost incurred was $137,700 and the manufacturing overhead cost applied to Work in Process was $129,000. The adjusted cost of goods sold that would appear on the income statement for July is:

$344,100

$335,400

$326,700

$314,600