31) On a production cost report, total equivalent units would appear:
A) before units in beginning WIP inventory.
B) just before total costs accounted for at the end of the report.
C) as part of unit output for the period.
D) before units in ending WIP inventory.
32) On a production cost report, current costs added during the period would appear:
A) as part of unit output for the period.
B) after any beginning WIP inventory cost.
C) after any ending WIP inventory cost
D) as part of beginning WIP inventory cost.
33) On a production cost report, which costs comprise WIP inventory?
A) Direct materials and direct labor
B) Direct materials and manufacturing overhead
C) Direct labor and manufacturing overhead
D) Direct materials, direct labor, and manufacturing overhead
34) For which of the following do we prepare calculations for equivalent units?
A) Both direct labor and manufacturing overhead
B) Both direct labor and direct materials
C) Both direct materials and conversion costs
D) Neither direct materials nor conversion costs
35) What are the ending inventory equivalent units for materials if 12,500 units are completed and transferred out and 3,800 remain in ending WIP at 40% complete?
A) 1,520
B) 3,800
C) 3,480
D) 5,000
36) In a department, 22,000 units are completed and transferred out and 6,200 remain in ending WIP at 55% complete. If an equivalent unit costs $8.00 for direct materials, what is the value of materials transferred out?
A) $49,600
B) $126,400
C) $176,000
D) $27,280
37) Beginning WIP inventory is 700 units; completed and transferred out were 2,800 units; and Ending WIP inventory is 600 units. What is the number of units started?
A) 2,800
B) 2,700
C) 3,400
D) 3,200
38) Assume that 6,000 units were in beginning WIP inventory, 36,000 were started, 32,000 were completed, and 10,000 were in ending WIP inventory. Direct materials are added at the beginning of the process. What are the total equivalent units for direct materials?
A) 38,000
B) 36,000
C) 46,000
D) 42,000
39) At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
WIP beginning (60% for conversion)
|
17,500 units
|
Units started
|
114,500 units
|
Units completed and transferred out
|
111,700 units
|
WIP ending (30% for conversion)
|
20,300 units
|
Beginning WIP direct materials
|
$22,300
|
Beginning WIP conversion costs
|
$19,700
|
Costs of materials added
|
$370,000
|
Costs of conversion added
|
$280,000
|
What are the total equivalent units for direct materials?
A) 134,800
B) 132,000
C) 117,790
D) 129,200
40) At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
WIP beginning (60% for conversion)
|
17,500 units
|
Units started
|
114,500 units
|
Units completed and transferred out
|
111,700 units
|
WIP ending (30% for conversion)
|
20,300 units
|
Beginning WIP direct materials
|
$22,300
|
Beginning WIP conversion costs
|
$19,700
|
Costs of materials added
|
$370,000
|
Costs of conversion added
|
$280,000
|
What are the total equivalent units for conversion costs?
A) 122,200
B) 132,000
C) 117,790
D) 123,880