Question: An accountant was preparing a process cost summary report and noted the following activity during the month: ending WIP 9,000 units; started 30,000 units; completed








An accountant was preparing a process cost summary report and noted the following activity during the month: ending WIP 9,000 units; started 30,000 units; completed and transferred out 26,000. How many units were in beginning WIP? Multiple Choice 16.000 units. 5,000 units. 17,000 units. 21,000 units. 13,000 units. The following information is available to prepare a process cost summary report: completed and transferred cut 36,000 units; ending WIP 21,000 units, The status of the ending WIP inventory is: direct materials 100% complete; conversion 80% complete. What are the total conversion EUP? Muitiple Choice 15,000 EUP. 28,800 EUP. 57,000 EUP. 42,350 EUP 52,800 EUP. The following information is available to prepare a process cost summary report completed and transferred out 80,000 units; ending wiP 18,000 units. The status of the ending WIP inventory is: direct materials 100% complete; conversion 75% complete. What are the total materials EUP? Multiple Choice 73,500 EUP. 98,000 EUP. 60.000 EUP. 93,500 EUP 56,000 EUP. The following information is available to prepare a process cost summary report: completed and transferred out 60,000 units; ending WiP 15,000 units The status of the ending WIP inventory is: direct materials 100% complete; conversion 70% complete. Total material production costs were: beginning WIP $40,000; costs incurred this periods $125,000. Compute the material cost per EUP. Multiple Choice $2.89 per material EUP. $3.14 per material EUP. $2.20 per material EUP. $2.34 per material EUP. $3.12 per material EUP. The following information is available to prepare a process cost summary report: completed and transferred out 45,000 units; ending WIP 16,000 units. The status of the ending WIP inventory is: direct materials 100% complete; conversion 40% complete. Total conversion production costs were: beginning WIP $25,000 : costs incurred this periods $45,000. Compute the conversion cost per EUP. Multiple Choice $2.06 per conversion EUP. $2.87 per conversion EUP. $1.15 conversion EUP. $2.15 per conversion EUP. $1.36 per conversion EUP. The following information is avaliable to prepare a process cost summary report: A total of 45,000 units were completed and transferred out during the month and 17,000 units were in process at the end of the month. Compute the cost that would be assigned to the ending Work-in-Process inventory. The following information is available to prepare a process cost summary report: A total of 65,000 units were completed and transferred out during the month and 25,000 units were in process at the end of the month. Compute the cost that would be assigned to the units that were completed and transferred out: A company has a factory with three production departments: Machining. Finishing. and Assembly. The manufacturing process flows as follows: Machining > Finishing > Assembly >> Finished Goods. In March, the Assembly department had total costs of $125,000;$75,000 of these costs related to items that were completed and transferred out and $50,000 related to unfinished items. What joumal entry should be made at the end of the month for the Assembly Department? A company has a factory with three production departments: Machining. Finishing, and Assembly. The manufacturing process flows as follows: Machining Finishing Assembly Finished Goods, In March, the Machining department had total costs of $65,000;$60,000 of these costs related to items that were completed and transferred out and $5,000 related to unfinished items. What journal entry should be made for the ending inventory in the Machining department
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