# Work shown

The Filtering Department started the current month with beginning goods in process inventory of \$55,000. During the month, it was assigned the following costs: direct materials, \$77,000; direct labor, \$44,000; and factory overhead, 20% of direct material cost. Also, inventory with a cost of \$66,000 was transferred out of the department to the next phase in the process. The ending balance of the Goods in Process Inventory account for the Filtering Department is:
\$132,000
\$66,000
\$125,400
\$191,400
\$110,000

During the current period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were 1/5 complete at the beginning of the period and 30,000 were started and completed during the period. Also during the period, 10,000 units were started but brought only to a stage of being 3/5 completed. If the Weighted Average method is used and \$14,000 of overhead was charged to Department A during the period, how much overhead should be allocated to the ending goods in process inventory?
\$1,615
\$2,500
\$3,250
\$2,600
\$1,500

Which of the following is true when computing cost per equivalent unit in a FIFO process costing system?
Equivalent units of production are divided by cost to account for.
Prior period costs are combined with costs incurred in the current period and then divided by the equivalent units of production.
Equivalent units of production are divided by costs incurred in the current period.
Total cost to account for is divided by the equivalent units of production.
Costs incurred in the current period are divided by the equivalent units of production.
A department had 12,500 units which were 20% complete in beginning Goods in Process Inventory. During the current period 60,000 units were transferred in. Ending Goods in Process Inventory was 15,000 units which were 70% complete. Assume this company uses the Weighted Average method of process costing and direct material is added uniformly throughout the process. What are the equivalent units produced with respect to direct material?
68,000.
37,000.
65,500.
57,500.
47,500.
A company’s beginning work in process inventory consisted of 20,000 units that were 1/5 complete with respect to direct labor. These beginning units were completed and another 90,000 units were started during the current period. Of those started, 60,000 were finished and the remaining 30,000 were 1/3 complete at the end of the period. Using FIFO, the equivalent units of production were:
74,000
60,000
86,000
76,000
90,000
A company that applies process costing is most frequently characterized by:
Custom orders and homogeneous products.
Homogeneous product and high production volume.
Repetitive production and heterogeneous products.
Low standardization and high production volume.
Repetitive production and low production volume.

Which of the following five types of products is least likely to be produced in a process manufacturing system?
Slacks for casual wear.
Oil paintings.
Calculators.
Baseball hats.
Compact disks.
At the beginning of the recent period, there were 900 units of product in a department, one-third completed. These units were finished and an additional 5,000 units were started and completed during the period. 800 units were still in process at the end of the period, one-fourth completed. Using the FIFO valuation method, the equivalent units produced by the department were:
5,800 units.
5,900 units.
6,700 units.
8,500 units.
6,100 units.
During a period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were 1/5 complete with respect to direct labor at the beginning of the period and 30,000 were started and completed during the period. Also, during the period, 10,000 units were started but brought only to a stage of being 3/5 completed. Using the Weighted Average inventory valuation method, the number of equivalent units of labor added by the end of the period was:
54,000 units.
46,000 units.
52,000 units.
50,000 units.
56,000 units.
The Machining Department started the current month with beginning goods in process inventory of \$10,000. During the month, it was assigned the following costs: direct materials, \$76,000; direct labor, \$24,000; and factory overhead, 50% of direct labor cost. Also, inventory with a cost of \$109,000 was transferred out of the department to the next phase in the process. The ending balance of the Goods in Process Inventory account for the Machining Department is:
\$13,000
\$1,000
\$49,000
\$110,000
\$3,000
A company uses a process cost accounting system. Its Sewing Department’s beginning inventory consisted of 50,000 units (1/4 complete with respect to direct labor and overhead). The Sewing Department started and finished 120,000 units this period. Its ending inventory consists of 40,000 units (1/4 complete with respect to direct labor and overhead). All direct materials are added at the beginning of the process. Under FIFO what are the equivalent units of production for the Sewing Department for direct materials and for direct labor and overhead, respectively?
210,000; 120,000
210,000; 180,000
167,500; 167,500
160,000; 167,500
160,000; 162,500
To compute an equivalent unit of production, one must be able to reasonably estimate:
The percentage of completion.
Direct labor cost.
Materials cost.
Units completed.
Units started and completed.

Direct labor and indirect labor are recorded, respectively, to:
Finished Goods and Goods in Process.
Cost of Goods Sold and Finished Goods.
Goods in Process and Finished Goods.
Goods in Process and Factory Overhead.
Factory Overhead and Goods in Process.
Hou Company applies factory overhead to its production departments on the basis of 90% of direct labor costs. In the Assembly Department, Hou had \$125,000 of direct labor cost, and in the Finishing Department, Hou had \$35,000 of direct labor cost. The entry to apply overhead to these production departments is:

E Above.
D Above.
A Above.
B Above.
C Above.
The following data are available for a company’s manufacturing activities:

Assume the company uses the Weighted Average inventory method. If materials are added when the production process begins and direct labor is applied uniformly throughout the process, what are the equivalent units for direct materials and for direct labor, respectively?
21,000; 23,000
26,000; 23,000
19,250; 19,250
26,000; 19,250
21,000; 19,250
Which of the following journal entries correctly records the current month’s activity where \$60,000 of direct material and \$17,000 of indirect materials were used in the production process?

B Above.
A Above.
C Above.
D Above.
E Above.
A department had 65 units which were 20% complete in beginning Goods in Process Inventory. During the current period, 77 units were transferred out. Ending Goods in Process Inventory was 30 units which were 20% complete. Using the Weighted Average method, what are the equivalent units produced if all direct material and direct labor are added uniformly throughout the process?
100
77
70
83
107