21 the assembling department of mat liners inc had 10 000 units in process in decemb 4306531

21 the assembling department of mat liners inc had 10 000 units in process in decemb 4306531

21) The Assembling Department of Mat Liners Inc. had 10,000 units in process in December beginning and received 30,000 units from the Sewing Department. During the month, it completed 20,000 units and transferred them to the Packaging Department. Calculate the number of units accounted for by the Assembling Department for December.

A) 20,000 units

B) 40,000 units

C) 10,000 units

D) 30,000 units

22) On September 30, the Sorting Department of Tea Works had beginning Work-in-Process Inventory of 30,000 units which was 40% complete for materials and 35% complete for conversion costs. This means that for the beginning inventory ________ % of the materials and ________ % of conversion costs were added during October.

A) 40; 35

B) 65; 60

C) 60; 65

D) 35; 40

23) On September 30, the Drying Department of Tea Works had Work-in-Process Inventory that was 25% complete for materials and 20% complete for conversion costs. This means that for the ending inventory, ________ % of materials and ________ % of the conversion costs were added during September.

A) 80; 75

B) 75; 80

C) 20; 25

D) 25; 20

24) Travel Trails Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The Work-in-Process Inventory of the Heating Department on October 1 was 70% complete for materials and 20% complete for conversion costs. On October 31, its ending Work-in-Process Inventory was 80% complete for materials and 40% complete for conversion costs. This means that for the ending inventory ________ % of the materials and ________ % of the conversion costs were added during October.

A) 70; 40

B) 30; 20

C) 80; 40

D) 40; 80

25) The first-in-first-out (FIFO) method creates better month-to-month cost comparisons than the weighted-average method ________.

A) as it does not recognize transferred in units from other processes

B) when there are substantial quantities of units in process at the end of the period

C) because it merges costs from the prior period with the current period

D) as it is used by industries that do not experience significant cost changes

26) Bubbles Inc. produces gummy bears. The company purchases raw materials, stores them in warehouse, and then runs them through two processes: production and packaging. During September, the production process incurred the following costs in processing 20,000 gummy bears:

Wages of workers operating production equipment

$56,500

Manufacturing overhead allocated to the production department

8,500

Direct materials

135,000

Use the FIFO method to compute the September conversion costs in the Production Department.

A) $65,000

B) $200,000

C) $56,500

D) $8,500

27) The Polishing Department of Laminates Inc. had 15,000 units in process on June 1, and received 25,000 units from the Machining Department. During the month, it completed 32,000 units and transferred them to the Packaging Department. Prepare the production cost report for the Polishing Department for the whole units for the month of June. (Use the first-in-first-out method)

28) The Assembling Department of Mat Liners Inc. had 10,000 units in process on December 1 and received 30,000 units from the Sewing Department. During the month, it completed 20,000 units and transferred them to the Packaging Department. Calculate the number of units accounted for by the Assembling Department for December. Prepare the production cost report for the Assembling Department for the whole units for the month of December.

Use the FIFO method.

29) At the start of June, the Polishing Department of Laminates Inc. had 15,000 units in beginning inventory which were 100% complete with respect to direct materials and conversion costs. During the month, it received 25,000 units from the Machining Department. It started and completed 17,000 units and transferred 32,000 units to the Packaging Department. It had 8,000 units in ending Work-in-Process Inventory. Direct materials are added at the beginning of the process. Units in ending Work-in-Process Inventory were 40% complete with respect to conversion costs.

Prepare the production cost report for the Polishing Department for the equivalent units of

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