Reference no: EM132764391
Questions -
Q1. Kariox Company uses the weighted-average method in its process costing system. Operating data for the Painting Department for the month of April appear below:
Units Percentage complete
Beginning work in process inventory 6,300 10%
Transferred in from the prior department during April 65,600
Ending work in process inventory 4,600 70%
What were the equivalent units of production for conversion costs in the Painting Department for April?
a) 67,300 units.
b) 68,820 units.
c) 70,520 units.
d) 63,900 units.
Q2. Yozti Company uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March:
Units Percentage complete
Beginning work in process inventory 7,100 70%
Transferred in from the prior department during March 61,000
Ending work in process inventory 4,600 30%
The Fitting Department's production report indicates that the cost per equivalent unit for conversion cost for March was $8.24.
How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
a) $482,287.20.
b) $502,640.00.
c) $523,240.00.
d) $561,144.00.
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