Use the following to answer questions 151-152:

Bettie Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October:

Materials

Conversion

Units completed and transferred out........................................

50,000

50,000

Equivalent units: work in process, October 31........................

10,000

4,000

Total equivalent units..................................................................

60,000

54,000

Materials

Conversion

Costs in work in process on October 1......................................

$ 9,000

$ 5,400

Costs added to production during October..............................

243,000

513,000

Total cost.......................................................................................

$252,000

$518,400

All materials at Bettie are added at the beginning of the production process.

151. What total amount of cost should be assigned to the units completed and transferred out during October?

A) $642,000

B) $677,500

C) $690,000

D) $691,900

152. What total amount of cost should be assigned to the units in work in process on October 31?

A) $78,500

B) $80,400

C) $135,500

D) $138,000

Use the following to answer questions 153-154:

(Appendix 4A) Owens Company uses a process costing system. For March, the beginning work in process inventory consisted of 60,000 units that were 60% complete with respect to processing. The ending work in process inventory for the month consisted of units that were 20% complete with respect to processing. A summary of unit and cost data for the month follows:

Units

Processing Cost

Work in process inventory on March 1....................

60,000

$35,000

Units started into production and costs incurred during the month......................................................

190,000

$700,000

Units completed and transferred out........................

200,000

153. Assuming that Owens Company uses the weighted-average method, which of the following is closest to the cost per equivalent unit for processing cost for March?

A) $4.08

B) $3.87

C) $3.68

D) $3.50

154. Assuming that Owens Company uses the FIFO method, which of the following is closest to the cost per equivalent unit for processing cost for March?

A) $3.23

B) $3.98

C) $4.02

D) $4.22

Use the following to answer questions 155-156:

The following information relates to the Assembly Department of Jataca Corporation for the month of November. Jataca uses a weighted-average process costing system. All materials at Jataca are added at the beginning of the production process.

Number of Units

Percent Complete with Respect to Conversion

Work in process, November 1....................

4,000

40%

Units started into production......................

317,000

Work in process, November 30..................

10,000

90%

On November 1, the work in process inventory account contained $6,400 of material cost and $4,400 of conversion cost. Cost per equivalent unit for November was $1.50 for materials and $2.80 for conversion costs.

155. What total amount of cost should be assigned to the units transferred out during November?

A) $1,337,300

B) $1,348,100

C) $1,369,500

D) $1,380,300

156. What total amount of cost should be assigned to the units in work in process on November 30?

A) $17,800

B) $38,700

C) $40,200

D) $43,000

Use the following to answer questions 157-162:

(Appendix 4A) Moureaux Corporation uses the FIFO 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..................................

600

Materials costs......................................................................................

$7,800

Conversion costs...................................................................................

$10,700

Percent complete with respect to materials......................................

65%

Percent complete with respect to conversion...................................

50%

Units started into production during the month..................................

5,700

Units transferred to the next department during the month.............

5,000

Materials costs added during the month..............................................

$92,400

Conversion costs added during the month...........................................

$160,000

Ending work in process inventory:

Units in ending work in process inventory........................................

1,300

Percent complete with respect to materials......................................

70%

Percent complete with respect to conversion...................................

40%

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. To reduce rounding error, carry out all computations to at least three decimal places.

157. What are the equivalent units for materials for the month in the first processing department?

A) 910

B) 5,520

C) 6,300

D) 4,400

158. What are the equivalent units for conversion costs for the month in the first processing department?

A) 520

B) 6,300

C) 4,400

D) 5,220

159. The cost per equivalent unit for materials for the month in the first processing department is closest to:

A) $20.00

B) $14.67

C) $16.74

D) $18.48

160. The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A) $30.65

B) $32.18

C) $32.00

D) $35.67

161. The total cost transferred from the first processing department to the next processing department during the month is closest to:

A) $270,900

B) $252,400

C) $239,726

D) $298,557

162. The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to:

A) $61,607

B) $24,643

C) $31,171

D) $43,125

(Appendix 4A) Prochino Corporation uses the FIFO 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..............................................

900

Materials costs..................................................................................................

$9,500

Conversion costs..............................................................................................

$4,100

Percent complete with respect to materials.................................................

75%

Percent complete with respect to conversion..............................................

25%

Units started into production during the month..............................................

9,800

Units transferred to the next department during the month.........................

8,600

Materials costs added during the month..........................................................

$112,900

Conversion costs added during the month......................................................

$143,000

Ending work in process inventory:

Units in ending work in process inventory...................................................

2,100

Percent complete with respect to materials.................................................

80%

Percent complete with respect to conversion..............................................

45%

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. To reduce rounding error, carry out all computations to at least three decimal places.

163. What are the equivalent units for materials for the month in the first processing department?

A) 1,680

B) 9,605

C) 10,700

D) 7,700

164. The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A) $18.22

B) $16.63

C) $15.34

D) $16.11

165. The total cost transferred from the first processing department to the next processing department during the month is closest to:

A) $255,900

B) $269,500

C) $235,249

D) $289,938

Use the following to answer questions 166-167:

(Appendix 4A) Malmedy Company uses the FIFO method in its process costing system. The following data pertain to operations in the first processing department for a recent month:

Work in process, beginning:

Units in process.............................................................................................

?

Percent complete with respect to materials.............................................

75%

Percent complete with respect to conversion..........................................

50%

Costs in the beginning inventory:

Materials cost................................................................................................

$2,300

Conversion cost............................................................................................

$3,600

Units started into production during the month..........................................

25,200

Units completed and transferred out during the month............................

24,000

Costs added to production during the month:

Materials cost................................................................................................

$98,750

Conversion cost............................................................................................

$220,500

Work in process, ending:

Units in process.............................................................................................

2,000

Percent complete with respect to materials.............................................

80%

Percent complete with respect to conversion..........................................

45%

166. How many units were in the beginning work in process inventory?

A) 600 units

B) 1,000 units

C) 800 units

D) 1,400 units

167. What was the cost per equivalent unit for materials during the month?

A) $3.95

B) $4.50

C) $2.00

D) $5.00

Use the following to answer questions 168-169:

(Appendix 4A) Quochang Corporation uses the FIFO 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...................................

400

Materials costs.......................................................................................

$6,900

Conversion costs....................................................................................

$6,900

Percent complete with respect to materials.......................................

60%

Percent complete with respect to conversion....................................

35%

Units started into production during the month...................................

5,700

Materials costs added during the month...............................................

$142,800

Conversion costs added during the month............................................

$242,800

Ending work in process inventory:

Units in ending work in process inventory.........................................

900

Percent complete with respect to materials.......................................

70%

Percent complete with respect to conversion....................................

45%

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. To reduce rounding error, carry out all computations to at least three decimal places.

168. How many units were started AND completed during the month in the first processing department?

A) 5,200

B) 4,800

C) 6,100

D) 5,700

169. The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A) $46.69

B) $46.65

C) $44.43

D) $49.29

Use the following to answer questions 170-171:

(Appendix 4A) Noguti Corporation uses the FIFO 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...................................

200

Materials costs.......................................................................................

$1,800

Conversion costs....................................................................................

$2,100

Percent complete with respect to materials.......................................

70%

Percent complete with respect to conversion....................................

40%

Units started into production during the month...................................

7,300

Units transferred to the next department during the month..............

7,000

Materials costs added during the month...............................................

$82,700

Conversion costs added during the month

$174,600

Ending work in process inventory:..........................................................

Units in ending work in process inventory.........................................

500

Percent complete with respect to materials.......................................

50%

Percent complete with respect to conversion....................................

45%

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. To reduce rounding error, carry out all computations to at least three decimal places.

170. What are the equivalent units for materials for the month in the first processing department?

A) 250

B) 7,500

C) 7,110

D) 6,800

171. The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A) $26.25

B) $25.66

C) $24.44

D) $24.94