Reference no: EM132556800

A company had materials costs of $180,000 and conversion costs of $99,000 that were charged to a processing department in the month of July. Materials are added at the beginning of the process; conversion costs are incurred uniformly throughout the process. There were 10,000 units in beginning Work in Process, 58,000 units were started into production in July, and there were 17,000 units in ending Work in Process that were 60% complete at the end of July. The Beginning Work In Process Inventory was 100% complete in terms of Material ($50,000) and 70% complete in terms of conversion ($35,000).

Question 1: Given the information above for the comapny., what are physical units completed if the weighted-average method is used?

a) 51,000

b) 61,200

c) 17,000

d) 18,000

e) 68,000

Question 2: Given the information above for the company., what are the total equivalent unit for conversion costs if the weighted-average method is used? (round to the closest answer)

a) 10,200

b) 16,400

c) 12,200

d) 61,200

e) 68,000

Question 3: Given the information above for the company., what is the cost per equivalent unit for material costs if the weighted-average method is used? (round to the closest answer)

a) $1.55 per EU

b) $6.20 per EU

c) $1.62 per EU

d) $3.38 per EU

e) $4.27 per EU

Question 4: Given the information above for the company., what is the cost per equivalent unit for conversion costs if the weighted-average method is used? (round to the closest answer)

a) $2.19 per EU

b) $4.27 per EU

c) $6.20 per EU

d) $1.55 per EU

e) $2.56 per EU

Question 5: Given the information above for the company., what was the total amount of manufacturing costs assigned to the units that were completed and transferred out of the process in July if the weighted-average method is used? (round to the closest answer)

a) $204,083

b) $187,776

c) $284,167

d) $279,344

e) $364,000