81) The mixing department has 20,000 units and $52,000 in costs for which to account. Of the
20,000 units, 15,000 were completed and transferred to the next department. The 5,000 remaining were 20% complete for conversion costs. Direct materials are added at the beginning of the process, and the conversion costs are added evenly throughout the process. The cost per equivalent unit is $2.00 for direct materials and $0.75 for conversion costs. The total cost of ending WIP is:
A) $10,000.
B) $5,750.
C) $10,750.
D) $13,750
82) Hannish Orchards, a juice manufacturer, uses a process that adds flavoring at the beginning of the process and vitamins and minerals 70% of the way through the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. The company started making 10,000 gallons of the drink, and the 2,000 gallons left in ending WIP were 40% of the way through the process.
The equivalent units for flavoring is:
A) 12,000.
B) 10,000.
C) 8,800.
D) 2,000.
83) Hannish Orchards, a juice manufacturer, uses a process that adds flavoring at the beginning of the process and vitamins and minerals 70% of the way through the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. The company started making 10,000 gallons of the drink, and the 2,000 gallons left in ending WIP were 40% of the way through the process.
The number of equivalent units for vitamins and minerals is:
A) 8,800.
B) 10,000.
C) 8,000.
D) 2,000.
84) Hannish Orchards, a juice manufacturer, uses a process that adds flavoring at the beginning of the process and vitamins and minerals 70% of the way through the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. The company started making 10,000 gallons of the drink, and the 2,000 gallons left in ending WIP were 40% of the way through the process.
The number of equivalent units for conversion costs is:
A) 2,000.
B) 10,800.
C) 10,000.
D) 8,800.
85) Hannish Orchards, a juice manufacturer, uses a process that adds flavoring at the beginning of the process and vitamins and minerals 70% of the way through the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. The company started making 10,000 gallons of the drink, and the 2,000 gallons left in ending WIP were 40% of the way through the process.
Costs incurred during the period were:
$9,500
|
for flavoring
|
$6,500
|
for vitamins/minerals
|
$4,800
|
for conversion costs
|
The cost assigned to ending work in process would be closest to:
A) $2,336.
B) $4,616.
C) $1,900.
D) $2,991.