Reference no: EM133156635

Question - Beta Company uses a process-costing system to manufacture a computer component. The following information pertains to operations for the month of March 2022.

Units

Beginning work-in-process inventory, 1 March 12,000

Started in production during March 120,000

Completed production during March 110,000

Ending work-in-process inventory, 31 March 22,000

Material is added at the beginning of the process, and the beginning inventory was 70% complete for conversion costs and the ending inventory was 30% complete for conversion costs.

Costs pertaining to the month of March are as follows.

Beginning inventory costs are: materials, $65,750; direct labour $25,500; and factory overhead, $12,500.

Costs incurred during March are: materials used, $125,000; direct labour, $210,700; and factory overhead, $296,300.

Question 1 - If Beta Company uses the weighted-average process costing method, compute the material cost per equivalent unit for the month of March.

a. $1.04

b. $1.45

c. $1.56

d. $1.73

e. None of the answers.

Question 2 - If Beta Company uses the weighted-average process costing method, compute the conversion cost per equivalent unit for the month of March.

a. $2.65

b. $2.81

c. $4.13

d. $4.67

e. None of the answers.

Question 3 - If Beta Company uses the first-in-first-out (FIFO) process costing method, compute the material cost per equivalent unit for the month of March.

a. $0.95

b. $1.04

c. $1.45

d. $1.59

e. None of the answers.

Question 4 - If Beta Company uses the first-in-first-out (FIFO) process costing method, compute the conversion cost per equivalent unit for the month of March.

a. $2.65

b. $2.81

c. $4.13

d. $4.49

e. None of the answers.