Reference no: EM132958027

QUESTION 1 - Riverwood Manufacturing recorded the following information for the month of August pertaining to its use of materials in Work in Process: beginning inventory 4,000 equivalent units valued at $13,500; materials of $202,000 were added during the month; ending inventory consisted of 15,000 equivalent units; and 40,000 units were completed and transferred to the next department. What is the weighted average cost per equivalent unit of materials for the month of September?

QUESTION 2 - The Townson Manufacturing Company has gathered the following information for the month of September. 6,000 units in the beginning Work in Process Inventory (75% complete s to materials, 1/3 complete with respect to the conversion costs). 60,000 units were started into production. 50,000 units were completed and transferred to the next department. The ending Work in Process Inventory is complete s to materials but only 3/8 complete with respect to conversion costs. What are the total equivalent units of production (EUPs) of materials to be accounted for in the month of September?

QUESTION 3 - Riverwood Manufacturing recorded the following information for the month of August pertaining to its use of materials in Work in Process: beginning inventory 4,000 equivalent units valued at $13,500; materials of $202,000 were added during the month; ending inventory consisted of 15,000 equivalent units; and 40,000 units were completed and transferred to the next department. What is the FIFO value of materials in ending Work in Process Inventory for the month of September?

QUESTION 4 - The Townson Manufacturing Company has gathered the following information for the month of September. 6,000 units in the beginning Work in Process Inventory (75% complete s to materials, 1/3 complete with respect to the conversion costs). 60,000 units were started into production. 50,000 units were completed and transferred to the next department. The ending Work in Process Inventory is complete just as to materials but only 3/8 complete with respect to conversion costs. What are the total equivalent units of materials in the September beginning inventory?

QUESTION 5 - The Poolside Company uses a FIFO process costing system. The following data are available: Beginning inventory 1,000 units (100% complete just as to materials and 50% complete j as to labor and overhead); Units started in production 19,000; Units finished during the period 16,000; Units in process at the end of the period (100% complete j as to materials and 25% complete j as to labor and overhead) 4,000; Costs in beginning inventory were materials of $1,500 and Labor and overhead costs $1,000; Cost added during the period were $35,200 for materials and Labor and overhead costs of $37,400. What is the FIFO value of labor and overhead transferred out of ending Work in Process Inventory for the period?

QUESTION 6 - The Townson Manufacturing Company has gathered the following information for the month of September. 6,000 units in the beginning Work in Process Inventory (75% complete j as to materials, 1/3 complete with respect to the conversion costs). 60,000 units were started into production. 50,000 units were completed and transferred to the next department. The ending Work in Process Inventory is complete j as to materials but only 3/8 complete with respect to conversion costs. What are the total equivalent units of materials added to production in the month of September?

QUESTION 7 - Riverwood Manufacturing recorded the following information for the month of August pertaining to its use of materials in Work in Process: beginning inventory 4,000 equivalent units valued at $13,500; materials of $202,000 were added during the month; ending inventory consisted of 15,000 equivalent units; and 40,000 units were completed and transferred to the next department. What is the weighted average value of materials in ending Work in Process Inventory for the month of September?

QUESTION 8 - Riverwood Manufacturing recorded the following information for the month of August pertaining to its use of materials in Work in Process: beginning inventory 4,000 equivalent units valued at $13,500; materials of $202,000 were added during the month; ending inventory consisted of 15,000 equivalent units; and 40,000 units were completed and transferred to the next department. What is the FIFO value of materials transferred out of ending Work in Process Inventory for the month of September?

QUESTION 9 - The Fremont Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units for conversion costs for November in a particular department. There were 6,000 units in the ending Work in Process inventory on November 30, 75% complete with respect to conversion costs. The November 1 Work in Process inventory consisted of 8,000 units, 50% complete with respect to conversion costs. A total of 25,000 units were completed and transferred out of the department during the month. The number of units started during November in the department was?

QUESTION 10 - The Miracle Company had 20,000 units in process on December 31, 2020 which was 80% complete as to materials but only 40% complete as to conversion costs. The company's records show 40,000 units were transferred to the Finished Goods Inventory during January 2021. On January 31, 2021, 15,000 units were on hand which were 30% complete as to conversion costs and 60% complete as to materials. How many equivalent units of conversion costs were added in January? Assume Miracle uses FIFO to account for WIP inventory.