PRACTICAL ACCOUNTING PROBLEMS II page 6

a. 89 materials, 100 conversion costs.

b. 100 materials, 89 conversion costs.
c: 110 materials, 99 conversion costs.
d. 130 materials, 119 conversion costs.

22. The Wilson Company manufactur€s the famous "Ticktock" watch on an assembly-line
basis. January 1 work-in process consisted of 5,000 units partially completed. During the
month an additional 110,000 units were started ancl 105,000 unitswere completed. The
ending work-in-process was 3/5 complete as to conversion costs. Conversion costs are
added evenly throughout the process. The following conversion costs were incuned:

Beginning costs for work-in process... ............P 1,50O

' Totalcurrent conversion costs...... 273,920

The conversion costs assigned to ending work-in process totaled P15,360 using the FIFO
method of process costing. What was the percentage of completion as to'conversion
costs on the 5,000 units in BWP?
a.2Ao/o c. 600/o
b. 400/o d. 80o/o

23. Wrinnie lncorporated had 8,000 units of work in process in Department A on October 1,
2003. These units were 600/o complete as to conversion costs. Materials are added in the
beginning of the process. During the month of October, 34,000 units were started and
36,000 units completed. Winnie had 6,000 units of work in process on October 31, 2003.
These units were 80% complete as to conversion costs. By how much did the equivalent
units for the month of October using the weighted-average method exceed the equivalent
units for the month of October using the first-in, fisl-out method?

Materials Conversion Costs

a. P 0 P 3,200.
b.. 0 4,800
c. 8,000 3,200
d. 8,000 4,800

24. Rivera Corporation's production cycle in Mixing department. The following

ion is available for the month
information m of 2003
Units
Work in process, April 30 (50Yo complete) 40,000
Started in April 240,000
Work in Drocess. Aoril 30 (60% comolete) 25,000

Materials are added in the beginning of the process in the Mixing Department. Using the
weighted-average method, what are the equivalent units of production for the month of
April2003?
Materials Conversion
a. . 240,000 250,000
b. 255,000 255,000
c. 270,000 280,000
d. 280,000 270,000

25. The Alice Company had computed the physical flow (of physical units) for Department A,
for the month of 2003 as follows:
Units
From work in process on
From

Materials are added at the beginning of the process. Unils of work in process at April 30,
2003, were 8,000. The 'work in process of April 1, 2003, was 80o/o complete as to
conversion costs and the work in process at April 30, 2003, was 600/o complete as to
conversion costs. What are the equivalent units of production for the month of April 2003
using the FIFO m'ethods?

P2-CA