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23 Nov 2019

The following information pertains to the Clooney Company: UnitsWork-in-process, June 1 (35 percent complete) 8,000 Started in June40,000 Work-in-process, June 30 12,000 Materials are added at thebeginning of the process. If equivalent units in process forconversion using the weighted average method were 39,800, endingwork-in-process at June 30: A. Was 25.0 percent complete B. Was31.7 percent complete C. Was 15.0 percent complete D. Was 97.5percent complete

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Keith LeannonLv2
15 Mar 2019
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Outdoor Man uses the weighted-average method in its processcosting system. The following data concern the operations of thecompany's first processing department Assembly for a recent month.(Units are transferred to the WIP Polishing department uponcompletion)

Work in process, beginning:

Units inproces.................................................................800

Percent complete with respect tomaterials.........................50%

Percent complete with respect toconversion.......................20%

Costs in the beginning inventory:

Materialscost..................................................................$2,440

Conversioncost...............................................................$4,928

Units started into production during themonth........................15,000

Units completed and transferredout......................................15,600

Costs added to production during the month:

Materialscost..................................................................$96,470

Conversioncost...............................................................$476,362

Work in process, ending:

Units inprocess................................................................200

Percent complete with respect tomaterials..........................50%

Percent complete with respect toconversion........................90%

*Using the weighted-average method:

Determine the equivalent units of production formaterials

**Using the weighted-average method:

Determine the equivalent units of production forconversion

Sumter Corporation uses the weighted-average method in itsprocess costing system.

The following data pertain to operations in the first processingdepartment for a recent month: Work in process, beginning: Units inprocess 6,000 Percent complete with respect to materials 60 %Percent complete with respect to conversion 20 % Costs in thebeginning inventory: Materials cost $ 78,200 Conversion cost $3,600 Units started during the month ? Units completed andtransferred out during the month 70,000 Costs added to productionduring the month: Materials cost $ 286,600 Conversion cost $216,000 Work in process, ending: Units in process 8,000 Percentcomplete with respect to materials 75 % Percent complete withrespect to conversion 25 % a. Determine the equivalent units ofproduction. b. Determine the costs per equivalent unit. c.Determine the cost of ending work in process inventory. d.Determine the cost of the units transferred to the nextdepartment.

Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method to account for units and costs. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June):

Work in Process—Mixing Department
June 1 balance 43,000 Completed and transferred to Finished Goods ?
Materials 138,925
Direct labor 88,500
Overhead 106,000
June 30 balance ?

The June 1 work in process inventory consisted of 5,900 pounds with $22,770 in materials cost and $20,230 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 60% complete with respect to conversion. During June, 38,400 pounds were started into production. The June 30 work in process inventory consisted of 9,800 pounds that were 100% complete with respect to materials and 50% complete with respect to conversion.


1. Compute the equivalent units of production for conversion.

2.

For materials, what is the sum of the cost of beginning work in process inventory plus the cost added during the period?

3. What is the cost per equivalent unit for materials?

4. What is the cost of ending work in process inventory for materials?

5.

What is the cost of materials transferred to finished goods?

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