All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Department had 450 canoes in process that were 20% complete with respect to conversion cost. On July 31, Fabrication had 670 canoes in process that were 30% complete with respect to conversion cost. During July, the Fabrication Department completed 8,000 canoes and transferred them to the Waterproofing Department.
What are the Fabrication Department's equivalent units related to materials for July?
/ 7,330/ 7,550
/ 8,220
/ 8,670
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 cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:(Round your cost per equivalent unit answers to 2 decimal places.)
/ $37,051
/ $21,407
/ $7,719
/ $12,870
Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 640 units. The costs and percentage completion of these units in beginning inventory were:
Cost / Percent Complete
Materials costs / $7,300 / 80%
Conversion costs / $6,300 / 20%
A total of 9,500 units were started and 8,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
Materials costs / $137,300
Conversion costs / $323,300
The ending inventory was 80% complete with respect to materials and 75% complete with respect to conversion costs.
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.
How many units are in ending work in process inventory in the first processing department at the end of the month?
/ 1,740 Units
/ 8,860 Units
/ 1,940 Units
/ 1,300 Units
Sanchez Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March.(Do not round Cost per equivalent unit.)
Units / Percent Complete with Respect to Conversion
Beginning work in process inventory / 7,100 / 75%
Transferred in from the prior department during March / 52,500
Ending work in process inventory / 4,100 / 80%
The Fitting Department's cost per equivalent unit for conversion cost for March was $9.56. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
/ $569,776
/ $501,900
/ $561,937
/ $530,580
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