21) Brooks Corporation has two sequential processing departments: Assembly then Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process.
Beginning WIP inventory
|
6,000 units
|
Transferred-in costs in beginning WIP inventory
|
$108,000
|
Direct materials cost in beginning WIP inventory
|
$26,500
|
Conversion costs in beginning WIP inventory
|
$20,750
|
Units transferred-in
|
55,000 units
|
Transferred-in costs
|
$530,000
|
Units completed
|
50,000
|
Costs added: direct materials
|
$163,500
|
Costs added: conversion costs
|
$225,300
|
Ending WIP inventory
|
11,000 units
|
(50% complete for materials and 40% complete for conversion)
|
|
What is the total number of equivalent units for direct materials?
A) 50,000
B) 55,500
C) 60,500
D) 53,000
22) Brooks Corporation has two sequential processing departments: Assembly then Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process.
Beginning WIP inventory
|
6,000 units
|
Transferred-in costs in beginning WIP inventory
|
$108,000
|
Direct materials cost in beginning WIP inventory
|
$26,500
|
Conversion costs in beginning WIP inventory
|
$20,750
|
Units transferred-in
|
55,000 units
|
Transferred-in costs
|
$530,000
|
Units completed
|
50,000
|
Costs added: direct materials
|
$163,500
|
Costs added: conversion costs
|
$225,300
|
Ending WIP inventory
|
11,000 units
|
(50% complete for materials and 40% complete for conversion)
|
|
What is the total number of equivalent units for conversion costs?
A) 52,400
B) 61,000
C) 59,400
D) 54,400
23) Goody Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the finishing department follows:
WIP, April 1
|
12,000 units
|
Transferred-in costs in WIP, April 1
|
$78,940
|
Direct materials (100%) in WIP, April 1
|
$22,420
|
Conversion costs (70%) in WIP, April 1
|
$21,385
|
Units transferred-in
|
45,000
|
Transferred-in costs during April
|
$540,900
|
Units completed
|
42,000
|
April direct materials cost
|
$157,500
|
April conversion costs
|
$230,837
|
WIP, April 30
|
15,000 units
|
(100% for materials and 60% for conversion costs)
|
|
The cost per equivalent unit for conversion costs would be closest to:
A) $4.80.
B) $4.42.
C) $4.95.
D) $5.13.
24) Goody Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the finishing department follows:
WIP, April 1
|
12,000 units
|
Transferred-in costs in WIP, April 1
|
$78,940
|
Direct materials (100%) in WIP, April 1
|
$22,420
|
Conversion costs (70%) in WIP, April 1
|
$21,385
|
Units transferred-in
|
45,000
|
Transferred-in costs during April
|
$540,900
|
Units completed
|
42,000
|
April direct materials cost
|
$157,500
|
April conversion costs
|
$230,837
|
WIP, April 30
|
15,000 units
|
(100% for materials and 60% for conversion costs)
|
|
What are the equivalent units for conversion costs?
A) 52,500
B) 57,000
C) 49,200
D) 51,000
25) Goody Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the finishing department follows:
WIP, April 1
|
12,000 units
|
Transferred-in costs in WIP, April 1
|
$78,940
|
Direct materials (100%) in WIP, April 1
|
$22,420
|
Conversion costs (70%) in WIP, April 1
|
$21,385
|
Units transferred-in
|
45,000
|
Transferred-in costs during April
|
$540,900
|
Units completed
|
42,000
|
April direct materials cost
|
$157,500
|
April conversion costs
|
$230,837
|
WIP, April 30
|
15,000 units
|
(100% for materials and 60% for conversion costs)
|
|
What are the equivalent units for direct materials?
A) 57,000
B) 60,000
C) 51,000
D) 54,000
26) Goody Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the finishing department follows:
WIP, April 1
|
12,000 units
|
Transferred-in costs in WIP, April 1
|
$78,940
|
Direct materials (100%) in WIP, April 1
|
$22,420
|
Conversion costs (70%) in WIP, April 1
|
$21,385
|
Units transferred-in
|
45,000
|
Transferred-in costs during April
|
$540,900
|
Units completed
|
42,000
|
April direct materials cost
|
$157,500
|
April conversion costs
|
$230,837
|
WIP, April 30
|
15,000 units
|
(100% for materials and 60% for conversion costs)
|
|
The total number of physical units for which we have to account is:
A) 42,000.
B) 60,000.
C) 57,000.
D) 54,000.
27) Brooks Corporation has two sequential processing departments: Assembly then Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process.
Beginning WIP inventory
|
6,000 units
|
Transferred-in costs in beginning WIP inventory
|
$108,000
|
Direct materials cost in beginning WIP inventory
|
$26,500
|
Conversion costs in beginning WIP inventory
|
$20,750
|
Units transferred-in
|
55,000 units
|
Transferred-in costs
|
$530,000
|
Units completed
|
50,000
|
Costs added: direct materials
|
$163,500
|
Costs added: conversion costs
|
$225,300
|
Ending WIP inventory
|
11,000 units
|
(50% complete for materials and 40% complete for conversion)
|
|
The total cost of units transferred to finished goods would be closest to:
A) $397,320.
B) $918,800.
C) $920,271.
D) $1,012,298.
28) Brooks Corporation has two sequential processing departments: Assembly then Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process.
Beginning WIP inventory
|
6,000 units
|
Transferred-in costs in beginning WIP inventory
|
$108,000
|
Direct materials cost in beginning WIP inventory
|
$26,500
|
Conversion costs in beginning WIP inventory
|
$20,750
|
Units transferred-in
|
55,000 units
|
Transferred-in costs
|
$530,000
|
Units completed
|
50,000
|
Costs added: direct materials
|
$163,500
|
Costs added: conversion costs
|
$225,300
|
Ending WIP inventory
|
11,000 units
|
(50% complete for materials and 40% complete for conversion)
|
|
The total cost of units in ending WIP inventory-Shaping would be closest to:
A) $38,730.
B) $110,433.
C) $153,779.
D) $202,460.