Introduction To Managerial Accounting Canadian Canadian 4th Edition Brewer Test Bank Download

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05
Student: ___________________________________________________________________________
1. The following journal entry would be made in a process costing system when units that have been completed
with respect to the work done in Processing Department Z are transferred from Processing Department Z to
Processing Department Y:
True False
with respect to the work done in the final processing department are transferred to the finished goods
warehouse:
True False
3. In process costing, the same equivalent units figure is always used for both materials and conversion costs.
True False
4. When assigning costs to partially completed units in the ending work in process inventory, it is not necessary
to consider the percentage completion of the units under the weighted-average method.
True False
5. When computing the cost per equivalent unit, it is not necessary to consider the percentage completion of the
units in beginning inventory under the weighted-average method.
True False
6. The weighted-average method of process costing can only be used if materials are added at the beginning of
the production process.
True False
7. A manufacturer of blank CDs would ordinarily use process costing rather than job-order costing.
True False
8. In order to use process costing, the output of a processing department must be homogeneous.
True False
9. In process costing, costs are accumulated in processing departments, rather than by job.
True False
10. The first step in determining the cost of goods completed and ending inventory valuation using process
costing is to calculate equivalent units of production.
True False
11. Process manufacturers typically process a continuous flow of raw materials into a finished state.
True False
12. In process costing, costs are accumulated by department, or process, rather than by order.
True False
13. If the costs for direct labour, factory overhead and direct material were $873,600, $109,200 and $53,200
respectively for 28,000 equivalent units of production, the conversion cost per equivalent unit was $11.60.
True False
True False
15. In process costing, a separate Work in Process account is maintained for each processing department.
True False
16. Instead of using a job cost sheet, production reports are prepared for each department (or process) to
accumulate costs of production and to account for units worked on.
True False
17. In a sequential manufacturing system (all units produced flow in the same direction through all
departments), the production report of the final department will include all manufacturing costs of units
produced.
True False
18. Equivalent units of production in a department for a period will be equal to the number of equivalent units
in ending work in process inventory.
True False
19. If a business wishes to track the costs of completing units in beginning work in process, the weighted-
average method should be used.
True False
20. If the weighted-average method is used, both the material cost and conversion cost per equivalent unit will
always be the same.
True False
21. The cost reconciliation prepared within a department's periodic production report is only used for the
purpose of costing the units completed and transferred out of the department during the period (either to another
department or to finished goods).
True False
22. If a business wishes to track the costs of completing units in beginning work in process, the first-in-first-out
(FIFO) method should be used.
True False
23. Using the weighted-average method, the material and conversion costs in opening work in process at the
beginning of a period are considered in determining the costs per equivalent unit for that period.
True False
24. Using the first-in-first-out (FIFO) method, the material and conversion costs in opening work in process at
the beginning of a period are considered in determining the costs per equivalent unit for that period.
True False
25. If a business has substantial amounts of manufactured inventory, both the first-in-first-out (FIFO) method
and the weighted-average method will be very useful in assessing cost control.
True False
26. In a processing system where labour costs represent a significant portion of total processing costs, it may be
useful to track the three categories of processing costs separately - materials, labour and manufacturing
overhead costs.
True False
27. Assuming that there was no beginning work in process inventory, and the ending work in process inventory
is 50% complete with respect to conversion costs, the number of equivalent units of production with respect to
conversion costs under the weighted-average method would be?
A. the same as the units completed.
B. the same as the units started during the period.
C. less than the units completed.
D. less than the units started during the period.
28. Process costing would be appropriate for each of the following except?
A. custom furniture.
B. oil refining.
C. grain milling.
D. newsprint production.
29. Lucas Company uses the weighted-average method in its process costing system. The company adds
materials at the beginning of the process in the Forming Department, which is the first of two stages in its
production process. Information concerning operations in the Forming Department in October follows:
What was the materials cost of work in process at October 31? (Round intermediate calculations to 2 decimals)
A. $3,060.
B. $5,520.
C. $6,000.
D. $6,120.
30. Jimbob Co. uses the weighted-average method in its process costing system. The company adds all required
materials at the beginning of the process in Department A, which is the first of two stages in its production
process. Information concerning operations in the Department A in October follows:
What were the equivalent units of production in Department A in October?

A. 6,000 units.
B. 12,000 units.
C. 44,000 units.
D. 56,000 units.
31. David Company uses the weighted-average method in its process costing system. The first processing
department, the Welding Department, started the month with 20,000 units that were 80% complete with respect
to conversion costs. The conversion cost in this beginning work in process inventory was $123,200. An
additional 65,000 units were started into production during the month. There were 19,000 units in the ending
work in process inventory of the Welding Department that were 10% complete with respect to conversion costs.
A total of $389,250 in conversion costs were incurred in the department during the month.
What would be the cost per equivalent unit for conversion costs for the month? (Round your answers to three
decimal places)
A. $4.634.
B. $5.988.
C. $7.547.
D. $7.700.
32. Larner Company uses the weighted-average method in its process costing system. Operating data for the
first processing department for the month of June appear below:
According to the company's records, the conversion cost in beginning work in process inventory was $68,064 at
the beginning of June. Additional conversion costs of $585,324 were incurred in the department during the
month.
What was the cost per equivalent unit for conversion costs for the month? (Round your answers to three decimal
places.)
A. $5.575.
B. $6.806.
C. $6.892.
D. $7.090.
33. Glo Co., a manufacturer of combs, uses the weighted-average method in its process costing system. The
company sold 125,000 units during the month of April. There is only one processing department. The following
additional information is provided:
What were the equivalent units of production for conversion costs for April?
A. 117,500.
B. 123,500.
C. 125,500.
D. 126,500.
34. The Morgan Company uses the weighted-average method in its process costing system. For a particular
department, the company had 54,000 equivalent units of production with respect to conversion costs in March.
There were 7,500 units in the department's beginning work in process inventory, two thirds complete with
respect to conversion costs. During March, 52,500 units were started and 50,000 were completed and
transferred out of the department. The ending work in process inventory in the department?
A. consisted of 2,500 units.
B. consisted of 5,000 units.
C. was 40% complete with respect to conversion costs.
D. was 65% complete with respect to conversion costs.
35. The following data were taken from the accounting records of the Hazel Corporation which uses the
weighted-average method in its process costing system:
The equivalent units of production for conversion costs were?

A. 100,000.
B. 102,000.
C. 111,000.
D. 112,000.
The equivalent units of production for materials costs were?

A. 90,000.
B. 100,000.
C. 112,000.
D. 120,000.
37. Baker Company uses the weighted-average method in its process costing system. The Assembly Department
started the month with 8,000 units in its beginning work in process inventory that were 90% complete with
respect to conversion costs. An additional 95,000 units were transferred in from the prior department during the
month to begin processing in the Assembly Department. There were 11,000 units in the ending work in process
inventory of the Assembly Department that were 90% complete with respect to conversion costs.
What were the equivalent units of production for conversion costs in the Assembly Department for the month?
A. 92,000.
B. 94,700.
C. 98,000.
D. 101,900.
38. Jawson Company uses the weighted-average method in its process costing system. Operating data for the
Painting Department for the month of April appear below:
What were the equivalent units of production for conversion costs in the Painting Department for April?
A. 63,900.
B. 67,300.
C. 68,820.
D. 70,520.
39. Sarver Company uses the weighted-average method in its process costing system. The Fitting Department is
the second department in its production process. The data below summarize the department's operations in
March.
The Fitting Department's production report indicates that the cost per equivalent unit for conversion cost for
March was $8.24.
How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
A. $482,287.20.
B. $502,640.00.
C. $523,240.00.
D. $561,144.00.
40. The Nichols Company uses the weighted-average method in its process costing system. The company
recorded 29,500 equivalent units of production for conversion costs for November in a particular department.
There were 6,000 units in the ending work in process inventory on November 30, 75% complete with respect to
conversion costs. The November 1 work in process inventory consisted of 8,000 units, 50% complete with
respect to conversion costs. A total of 25,000 units were completed and transferred out of the department during
the month. The number of units started during November in the department was?
A. 21,000 units.
B. 23,000 units.
C. 24,500 units.
D. 27,000 units.
41. The Assembly Department started the month with 35,000 units in its beginning work in process inventory.
An additional 472,000 units were transferred in from the prior department during the month to begin processing
in the Assembly Department. There were 34,000 units in the ending work in process inventory of the Assembly
Department. How many units were transferred to the next processing department during the month?
A. 471,000.
B. 473,000.
C. 507,000.
D. 541,000.
42. Huffer Company uses the weighted-average method in its process costing system. The following
information pertains to Processing Department D for the month of May:
All materials are added at the beginning of the process. The cost per equivalent unit for materials is ? (Round
your answer to the nearest whole cent)
A. $0.43.
B. $0.45.
C. $0.55.
D. $0.59.
43. Harker Company uses the weighted-average method in its process costing system. The first processing
department, the Welding Department, started the month with 16,000 units in its beginning work in process
inventory that were 40% complete with respect to conversion costs. The conversion cost in this beginning work
in process inventory was $29,440. An additional 59,000 units were started into production during the month and
61,000 units were completed in the Welding Department and transferred to the next processing department.
There were 14,000 units in the ending work in process inventory of the Welding Department that were 10%
complete with respect to conversion costs. A total of $246,431 in conversion costs was incurred in the
department during the month.
What would be the cost per equivalent unit for conversion costs for the month? (Round your answer to three
decimal places.)
A. $3.375.
B. $4.176.
C. $4.421.
D. $4.600.
44. Paxton Company uses the weighted-average method in its process costing system. The Molding Department
is the second department in its production process. The data below summarize the department's operations in
January.
The accounting records indicate that the conversion cost that had been assigned to beginning work in process
inventory was $10,973 and a total of $268,107 in conversion costs were incurred in the department during
January.
What was the cost per equivalent unit for conversion costs for January in the Molding Department? (Round
your answer to three decimal places.)
A. $4.038.
B. $4.704.
C. $5.080.
D. $5.348.
45. The Richmond Company uses the weighted-average method in its process costing system. The company has
only a single processing department. The company's ending work in process inventory on August 31 consisted
of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to
materials and 60% complete with respect to labour and overhead. If the cost per equivalent unit for August was
$2.75 for materials and $4.25 for labour and overhead, the total cost assigned to the ending work in process
inventory was? (Do not round intermediate calculations)
A. $75,600.
B. $80,100.
C. $95,400.
D. $126,000.
46. Fabian Company uses the weighted-average method in its process costing system. The Assembly
Department started the month with 9,000 units in its beginning work in process inventory that were 70%
complete with respect to conversion costs. An additional 90,000 units were transferred in from the prior
department during the month to begin processing in the Assembly Department. During the month 87,000 units
were completed in the Assembly Department and transferred to the next processing department. There were
12,000 units in the ending work in process inventory of the Assembly Department that were 20% complete with
respect to conversion costs.
A. 83,100.
B. 87,100.
C. 89,400.
D. 93,000.
47. Narver Company uses the weighted-average method in its process costing system. Operating data for the
Lubricating Department for the month of October appear below:
What were the equivalent units of production for conversion costs in the Lubricating Department for October?
A. 37,100.
B. 43,100.
C. 44,780.
D. 47,780.
48. Black Company uses the weighted-average method in its process costing system. The company's ending
work in process inventory consists of 5,000 units, 80% complete with respect to materials and 50% complete
with respect to labour and overhead. If the total dollar value of the inventory is $60,000 and the cost per
equivalent unit for labour and overhead is $8.00, the cost per equivalent unit for materials must be?
A. $4.00.
B. $5.00.
C. $8.00.
D. $10.00.
49. Department 2 is the second of three sequential processes. All materials are added at the beginning of
processing in Department 2. During October, Department 2 reported the following data:
The company uses the weighted-average method in its process costing system. The cost per equivalent unit on
the production report for conversion costs would have been? (Round your answer to the nearest cent)
A. $5.51.
B. $6.30.
C. $6.45.
D. $7.38.
50. Overland, Inc. uses the weighted-average method in its process costing system. The company's work in
process inventory on April 30 consists of 25,000 units. The units in the ending inventory are 100% complete
with respect to materials and 75% complete with respect to conversion costs. If the cost per equivalent unit is
$3.00 for materials and $5.50 for conversion costs, the total cost in the April 30 work in process inventory is?
(Do not round intermediate calculations)
A. $109,375.
B. $159,375.
C. $178,125.
D. $212,500.
51. Valley Manufacturing Company's beginning work in process inventory consisted of 10,000 units, 100%
complete with respect to materials cost and 40% complete with respect to conversion costs. The total cost in the
beginning inventory was $30,000. During the month, 50,000 units were transferred out. The equivalent unit cost
was computed to be $2.00 for materials and $3.70 for conversion costs under the weighted-average method.
Given this information, the total cost of the units completed and transferred out was?
A. $240,000.
B. $255,000.
C. $270,000.
D. $285,000.
52. Ogden Company uses the weighted-average method in its process costing system. Information for the month
of January concerning Department A, the first stage of the company's production process, follows:
Materials are added at the beginning of the process. The ending work in process is 50% complete with respect
to conversion costs. What cost would be recorded for the ending work in process inventory?
A. $3,400.
B. $4,400.
C. $6,800.
D. $8,800.
53. Trapp Company uses the weighted-average method in its process costing system. The beginning work in
process inventory in its Painting Department consisted of 3,000 units that were 70% complete with respect to
materials and 60% complete with respect to conversion costs. The cost of the beginning work in process
inventory in the department was recorded as $10,000. During the period, 9,000 units were completed and
transferred on to the next department. The costs per equivalent unit for the period were $2.00 for material and
$3.00 for conversion costs. The cost of units transferred out during the month was?
A. $35,400.
B. $39,600.
C. $45,000.
D. $45,400.
54. Strap Company uses the weighted-average method in its process costing system. The company has only one
processing department. The ending work in process inventory consists of 10,000 units, 60% complete with
respect to materials. The total dollar value of this inventory is $38,000. The costs per equivalent unit are $5.00
for materials and $4.00 for conversion costs for the period. With respect to conversion costs, the ending work in
process inventory is?
A. 10% complete.
B. 20% complete.
C. 30% complete.
D. 38% complete.
55. Rariton Company uses the weighted-average method in its process costing system. The Molding
Department is the second department in its production process. The data below summarize the department's
operations in January.
The Molding Department's production report indicates that the cost per equivalent unit for conversion cost for
January was $5.37.
How much conversion cost was assigned to the ending work in process inventory in the Molding Department
for January? (Round your answer to one decimal)
A. $4,081.20.
B. $6,121.80.
C. $10,203.00.
D. $10,310.40
A sporting goods manufacturer buys wood as a direct material for baseball bats. The Forming Department
processes the baseball bats, and the bats are then transferred to the Finishing Department where a sealant is
applied. There was no beginning work in process inventory in the Forming Department in May. The Forming
Department began manufacturing 10,000 Casey Slugger baseball bats during May. Costs for the Forming
Department for the month of May were as follows:
A total of 8,000 bats were completed and transferred to the Finishing Department during May. The ending work
in process inventory was 100% complete with respect to direct materials and 25% complete with respect to
conversion costs. The company uses the weighted-average method of process costing.
56. The cost of the units transferred to the Finishing Department during May was?
A. $40,000.
B. $42,400.
C. $50,000.
D. $53,000.
57. The cost of the work in process inventory in the Finishing Department at the end of May was?
A. $ 2,500.
B. $ 4,000.
C. $ 7,600.
D. $10,000.
Adam Company uses the weighted-average method in its process costing system. The following information
for the Assembly Department was obtained from the accounting records for September (all materials are added
at the beginning of the process):
58. The "Cost to be accounted for" section of the production report for the month will show a total amount equal
to?
A. $106,000.
B. $429,000.
C. $498,500.
D. $604,500.
59. The equivalent units of production for material for the month are?
A. 105,000 units.
B. 122,000 units.
C. 145,000 units.
D. 165,000 units.
Madsen Company uses the weighted-average method in its process costing system. During October, the Mixing
Department transferred out 40,000 units. The October 31 work in process inventory in the Mixing Department
consisted of 4,000 equivalent units of material and 5,000 equivalent units of labour and overhead. The cost per
equivalent unit was $2.50 for materials and $6.25 for labour and overhead.
60. The total cost of the October 31 work in process inventory was?
A. $35,000.
B. $41,250.
C. $43,750.
D. $78,750.
61. The "Cost to account for" section of the production report for October will show a total amount equal to?
A. $110,000.
B. $350,000.
C. $391,250.
D. $428,750.
The activity in Nolan Company's Blending Department for the month of April is given below:
All materials are added at the beginning of processing in the Blending Department.
62. The equivalent units of production for material for the month, using the weighted-average method, are?
A. 48,000 units.
B. 50,000 units.
C. 52,000 units.
D. 58,000 units.
63. The equivalent units of production for labour and overhead for the month, using the weighted-average
method, are?
A. 47,000 units.
B. 50,000 units.
C. 51,000 units.
D. 55,000 units.
The following data relate to the Blending Department of Tru-Colour Paint Company for a recent month:
All materials are added prior to the beginning of work in the Blending Department.
64. Assuming that Tru-Colour Paint Company uses the weighted-average method, the equivalent units of
production for materials would be?
A. 45,000 units.
B. 46,000 units.
C. 48,000 units.
D. 54,000 units.
production for conversion costs would be?
A. 42,600 units.
B. 44,400 units.
C. 46,000 units.
D. 48,000 units.
The information below was obtained from the records of the first processing department of Christine
Corporation for the month of July. The company uses the weighted-average method in its process costing
system.
All materials are added at the beginning of the manufacturing process.
A. 70,000 units.
B. 80,000 units.
C. 82,500 units.
D. 90,000 units.
67. The equivalent units of production for labour and overhead for the month are?
A. 70,000 units.
B. 80,000 units.
C. 82,500 units.
D. 90,000 units.
The information below was obtained from the records of the first processing department of Moore Company
for the month of May. The company uses the weighted-average method in its process costing system.
All materials are added at the beginning of the process.
68. The equivalent units of production for materials for the month of May were?
A. 60,000 units.
B. 64,000 units.
C. 69,800 units.
D. 74,000 units.
69. The equivalent units of production for labour and overhead for the month of May were?
A. 60,000 units.
B. 65,800 units.
C. 69,800 units.
D. 73,800 units.
Information about units processed and processing costs incurred during a recent month in the Blending
Department of a manufacturing company follow:
The beginning work in process inventory included $11,000 of conversion cost and $ 12,000 in material costs.
During the month, the Department incurred an additional $290,000 in conversion costs and $ 143,000 in
material costs. All materials are added at the beginning of production in each department.
70. Assuming that the company uses the weighted-average cost method, what are the equivalent units of
production for conversion costs for the Blending Department for the month?
A. 114,000 units.
B. 119,100 units.
C. 120,000 units.
D. 131,000 units.
71. Assuming that the company uses the weighted-average cost method, what is the cost per equivalent unit for
conversion costs for the month in the Blending Department ? (Round your answers to the nearest cent)
A. $2.44.
B. $2.50.
C. $2.53.
D. $2.55.
production for material costs for the Blending Department for the month?
A. 114,000 units.
B. 119,100 units.
C. 120,000 units.
D. 131,000 units.
material costs for the month in the Blending Department? (Round your answer to the nearest cent)
A. $1.09.
B. $1.18.
C. $1.22.
D. $1.25.
74. Assuming that the company uses the weighted-average cost method, what is the total value of the ending
work in process inventory in the Blending Department? (Round intermediate calculation to the nearest cent and
final answers to the nearest dollar)
A. $12,903.
B. $20,060.
C. $32,963.
D. $63,070.
Kimbeth Manufacturing makes Dust Density Sensors (DDS), a safety device for the mining industry. The
company uses a process costing system and has only a single processing department. The following information
pertains to operations for the month of May:
The beginning work in process inventory was 60% complete with respect to materials and 20% complete with
respect to conversion costs. The ending work in process inventory was 90% complete with respect to materials
and 40% complete with respect to conversion costs. The costs were as follows:
75. Using the weighted-average method, the cost per equivalent unit of materials for May is? (Round your
answers to the nearest whole cent)
A. $5.00.
B. $5.05.
C. $5.37.
D. $6.63.
76. Using the weighted-average method, the cost per equivalent unit of conversion cost for May is ? (Round
your answers to the nearest whole cent)
A. $5.14.
B. $5.68.
C. $6.00.
D. $6.41.
77. Using the weighted-average method, the total cost of the units in ending work in process inventory is ?
(Round your answers to the nearest whole cent)
A. $156,960.
B. $165,336.
C. $168,960.
D. $172,336.
78. Using the FIFO method, the equivalent units for materials are closest to?
A. 104,000 units.
B. 113,600 units.
C. 120,000 units.
D. 154,800 units.
79. Using the FIFO method, the total cost of units in ending work in process is ?( Round the per unit value to
the nearest cent and do not round other intermediate calculations )
A. $104,000.
B. $128,000.
C. $153,000.
D. $164,883.
80. Using the FIFO method, the equivalent unit cost of materials is? Round your answers to the nearest whole
cent)
A. $4.76.
B. $5.40.
C. $5.52.
D. $6.40.
Nando Company uses the weighted-average method in its process costing system. Department J is the second
of three sequential processes at the company. During October, Department J collected the following data:
81. The total cost assigned to units transferred out during October was? (Do not round intermediate
calculations)
A. $264,600.
B. $316,000.
C. $342,000.
D. $358,400.
82. The total cost assigned to ending work in process inventory was? (Do not round intermediate calculations)
A. $ 59,000.
B. $75,400.
C. $101,400.
D. $152,800.
The following data relate to the Forming Department of Jimbob Co. for a recent month:
All materials are added prior to the beginning of work in the Forming Department.
83. Assuming that Jimbob Co. uses the FIFO method, the equivalent units of production for materials would
be?
A. 45,000 units.
B. 46,000 units.
C. 48,000 units.
D. 54,000 units.
84. Assuming that Jimbob Co. uses the FIFO method, the equivalent units of production for conversion costs
would be?
A. 42,600 units.
B. 44,400 units.
C. 46,000 units.
D. 48,000 units.
85. In a process cost system, transferred-in costs represent?

A. costs from external suppliers for materials used in processing.
B. costs attached to partially completed units that have been received from a prior processing department.
C. manufacturing overhead costs applied to the products processed.
D. direct labour and manufacturing overhead costs incurred in processing.
86. In the accounting for costs in a process costing system, which statement below is most correct as to when
costs are added in processing departments?
A. all material costs will be added in the first processing department and labour and overhead costs will be
added in subsequent departments.
B. material and labour costs may be added in any department but overhead costs will only be added in the last
processing department in which the processing of the product is completed.
C. material, labour and overhead costs may be added in any processing department.
D. labour and overhead costs are added in each department as processing takes place but materials costs are
only added in the last processing department when the final quantities of materials used have been determined.
87. In a process cost system, the cost of completed production in Department 1 is transferred to Department 2
by which of the following entries?
A. debit Work in Process - Department 2, credit Cost of Goods Sold Department 1.
B. debit Finished Goods, credit Work in Process Department 2.
C. debit Work in Process Department 2, credit Finished Goods Department 1.
D. debit Work in Process Department 2, credit Work in Process Department 1.
88. Which of the following costs incurred by a paper manufacturer would be included in the group of costs
referred to as conversion costs?
A. machine operator's wages.
B. advertising costs.
C. lumber.
D. sales person salaries.
89. In which circumstance is the FIFO method more likely to be preferred in determining the costs of
processing?
A. there are regularly little work-in-process inventories on hand.
B. there are never any work-in-process inventories on hand.
C. there are regularly substantial work-in-process inventories on hand.
D. staff in the accounting department lack expertise and experience in costing.
GK Manufacturing had inventory at May 1 of 5,000 units which were 70% complete as to conversion costs.
The May 1 inventory had total costs of $ 69,900 which included $ 21,500 direct materials, $ 38,775 direct
labour and $ 9,625 factory overhead.
Costs added to work in process in May were as follows:
During May, 49,200 units were completed, including those in inventory on May 1. On May 30, the inventory of
work in process consisted of 5,600 units which were 3/8 completed as to conversion costs. Inventories are
costed by the first-in, first-out method and all materials are added at the beginning of the process.
90. What were the equivalent units of production for conversion costs for May?
A. 46,300 units.
B. 47,800 units.
C. 49,200 units.
D. 52,800 units.
91. What was the conversion cost per equivalent unit for May? (Round your answers to the nearest whole cent)
A. $12.81.
B. $14.15.
C. $15.18.
D. $21.86.
92. What were the equivalent units of production for material costs for May?
A. 46,300 units.
B. 47,800 units.
C. 49,200 units.
D. 49,800 units.
93. What was the material cost per equivalent unit for May? (Round your intermediate and final answers to the
nearest whole cent)
A. $6.00.
B. $6.06.
C. $6.25.
D. $6.45.
94. What amount below was the total cost of units completed during May closest to? (Round intermediate
calculations to the nearest whole cent and final answer to the nearest whole dollar)
A. $911,685.
B. $975,000.
C. $981,755.
D. $1,044,900.
95. Able Inc. uses the weighted-average method in its process costing system. The following data concern the
operations of the company's first processing department for a recent month.
Required:
Prepare a production report for the department using the weighted-average method.
96. Barker Inc. uses the weighted-average method in its process costing system. The following data concern the
Required:
Using the weighted-average method:
a. Determine the equivalent units of production for materials and conversion costs.
b. Determine the cost per equivalent unit for materials and conversion costs.
c. Determine the cost of units transferred out of the department during the month.
d. Determine the cost of ending work in process inventory in the department.
97. Harmon Company uses the weighted-average method in its process costing system. The Curing Department
of Harmon Company reported the following information for the month of November.
Required:
Compute the following items for the company's monthly production report using the weighted-average method:
a. The equivalent units of production for materials.

b. The cost per equivalent unit for conversion.
c. The total cost assigned to units transferred out of the Curing Department during November.
d. The cost assigned to work in process inventory as of November 30.
98. Carver Inc. uses the weighted-average method in its process costing system. The following data concern the
Required:
Using the weighted-average method, determine the equivalent units of production for materials and conversion
costs by compiling the "Quantity Schedule and Equivalent Units" portion of the production report.
99. Production and cost data for the month of February for Process A of the Packer Manufacturing Company
follow:
The company uses the weighted-average cost method in its process costing system.
Required:
a. Calculate the equivalent units and unit costs for February for materials and for conversion costs.
b. Determine the cost transferred to finished goods.
c. Determine the amount of cost that should be assigned to the ending work in process and finished goods
inventories.
100. Miller Company manufactures a product for which materials are added at the beginning of the
manufacturing process. A review of the company's inventory and cost records for the most recently completed
year revealed the following information:
The company uses the weighted-average cost method in its process costing system. The ending inventory is
50% complete with respect to conversion costs.
Required:
a. Compute the equivalent units of production and the cost per equivalent units for materials and for conversion
costs.
c. Determine the amount of cost that should be assigned to the ending work in process inventory.
101. The Hardy Company manufactures a product that goes through two departments prior to completion. The
following information is available on work in one of these departments, the Molding Department, during the
month of July:
The Molding Department is the first department in the production process; after molding has been completed,
the units are transferred to the Finishing Department.
Required:
Calculate the equivalent units for materials and conversion costs assuming the company uses the weighted-
average method.
102. Jimbob Co. uses the FIFO method in its process costing system. The following data concern the operations
of the company's first processing department for a recent month.
Required:
Using the FIFO method, determine the equivalent units of production for materials and conversion costs by
compiling the "Quantity Schedule and Equivalent Units" portion of the production report.
Required:
Prepare a production report for the department using the FIFO method.
104. The following journal entry would be made in a process costing system when units that have been
completed with respect to the work done in Processing Department Z are transferred from Processing
Department Z to Processing Department Y:
True False
completed with respect to the work done in the final processing department are transferred to the finished goods
warehouse:
True False
True False
107. When assigning costs to partially completed units in the ending work in process inventory, it is not
necessary to consider the percentage completion of the units under the weighted-average method.
True False
108. When computing the cost per equivalent unit, it is not necessary to consider the percentage completion of
the units in beginning inventory under the weighted-average method.
True False
109. The weighted-average method of process costing can only be used if materials are added at the beginning
of the production process.
True False
True False
True False
True False
True False
True False
True False
True False
True False
True False
True False
produced.
True False
True False
True False
always be the same.
True False
True False
125. If a business wishes to track the costs of completing units in beginning work in process, the first-in-first-
out (FIFO) method should be used.
True False
True False
True False
True False
129. In a processing system where labour costs represent a significant portion of total processing costs, it may
be useful to track the three categories of processing costs separately - materials, labour and manufacturing
overhead costs.
True False
130. Assuming that there was no beginning work in process inventory, and the ending work in process
inventory is 50% complete with respect to conversion costs, the number of equivalent units of production with
respect to conversion costs under the weighted-average method would be?
B. oil refining.
C. grain milling.
A. $3,060.
B. $5,520.
C. $6,000.
D. $6,120.
133. Jimbob Co. uses the weighted-average method in its process costing system. The company adds all
required materials at the beginning of the process in Department A, which is the first of two stages in its
production process. Information concerning operations in the Department A in October follows:

A. 6,000 units.
B. 12,000 units.
C. 44,000 units.
D. 56,000 units.
decimal places)
A. $4.634.
B. $5.988.
C. $7.547.
D. $7.700.
month.
places.)
A. $5.575.
B. $6.806.
C. $6.892.
D. $7.090.
A. 117,500.
B. 123,500.
C. 125,500.
D. 126,500.

A. 100,000.
B. 102,000.
C. 111,000.
D. 112,000.

A. 90,000.
B. 100,000.
C. 112,000.
D. 120,000.
140. Baker Company uses the weighted-average method in its process costing system. The Assembly
department during the month to begin processing in the Assembly Department. There were 11,000 units in the
ending work in process inventory of the Assembly Department that were 90% complete with respect to
conversion costs.
A. 92,000.
B. 94,700.
C. 98,000.
D. 101,900.
A. 63,900.
B. 67,300.
C. 68,820.
D. 70,520.
142. Sarver Company uses the weighted-average method in its process costing system. The Fitting Department
March.
March was $8.24.
A. $482,287.20.
B. $502,640.00.
C. $523,240.00.
D. $561,144.00.
A. 21,000 units.
B. 23,000 units.
C. 24,500 units.
D. 27,000 units.
A. 471,000.
B. 473,000.
C. 507,000.
D. 541,000.
A. $0.43.
B. $0.45.
C. $0.55.
D. $0.59.
decimal places.)
A. $3.375.
B. $4.176.
C. $4.421.
D. $4.600.
147. Paxton Company uses the weighted-average method in its process costing system. The Molding
January.
A. $4.038.
B. $4.704.
C. $5.080.
D. $5.348.
148. The Richmond Company uses the weighted-average method in its process costing system. The company
has only a single processing department. The company's ending work in process inventory on August 31
consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect
to materials and 60% complete with respect to labour and overhead. If the cost per equivalent unit for August
was $2.75 for materials and $4.25 for labour and overhead, the total cost assigned to the ending work in process
A. $75,600.
B. $80,100.
C. $95,400.
D. $126,000.
A. 83,100.
B. 87,100.
C. 89,400.
D. 93,000.
A. 37,100.
B. 43,100.
C. 44,780.
D. 47,780.
A. $4.00.
B. $5.00.
C. $8.00.
D. $10.00.
A. $5.51.
B. $6.30.
C. $6.45.
D. $7.38.
A. $109,375.
B. $159,375.
C. $178,125.
D. $212,500.
A. $240,000.
B. $255,000.
C. $270,000.
D. $285,000.
155. Ogden Company uses the weighted-average method in its process costing system. Information for the
month of January concerning Department A, the first stage of the company's production process, follows:
A. $3,400.
B. $4,400.
C. $6,800.
D. $8,800.
A. $35,400.
B. $39,600.
C. $45,000.
D. $45,400.
157. Strap Company uses the weighted-average method in its process costing system. The company has only
one processing department. The ending work in process inventory consists of 10,000 units, 60% complete with
A. 10% complete.
B. 20% complete.
C. 30% complete.
D. 38% complete.
January was $5.37.
A. $4,081.20.
B. $6,121.80.
C. $10,203.00.
D. $10,310.40
A. $40,000.
B. $42,400.
C. $50,000.
D. $53,000.
A. $ 2,500.
B. $ 4,000.
C. $ 7,600.
D. $10,000.
161. The "Cost to be accounted for" section of the production report for the month will show a total amount
equal to?
A. $106,000.
B. $429,000.
C. $498,500.
D. $604,500.
A. 105,000 units.
B. 122,000 units.
C. 145,000 units.
D. 165,000 units.
A. $35,000.
B. $41,250.
C. $43,750.
D. $78,750.
A. $110,000.
B. $350,000.
C. $391,250.
D. $428,750.
A. 48,000 units.
B. 50,000 units.
C. 52,000 units.
D. 58,000 units.
method, are?
A. 47,000 units.
B. 50,000 units.
C. 51,000 units.
D. 55,000 units.
A. 45,000 units.
B. 46,000 units.
C. 48,000 units.
D. 54,000 units.
A. 42,600 units.
B. 44,400 units.
C. 46,000 units.
D. 48,000 units.
A. 70,000 units.
B. 80,000 units.
C. 82,500 units.
D. 90,000 units.
A. 70,000 units.
B. 80,000 units.
C. 82,500 units.
D. 90,000 units.
A. 60,000 units.
B. 64,000 units.
C. 69,800 units.
D. 74,000 units.
A. 60,000 units.
B. 65,800 units.
C. 69,800 units.
D. 73,800 units.
A. 114,000 units.
B. 119,100 units.
C. 120,000 units.
D. 131,000 units.
A. $2.44.
B. $2.50.
C. $2.53.
D. $2.55.
A. 114,000 units.
B. 119,100 units.
C. 120,000 units.
D. 131,000 units.
A. $1.09.
B. $1.18.
C. $1.22.
D. $1.25.
A. $12,903.
B. $20,060.
C. $32,963.
D. $63,070.
A. $5.00.
B. $5.05.
C. $5.37.
D. $6.63.
A. $5.14.
B. $5.68.
C. $6.00.
D. $6.41.
A. $156,960.
B. $165,336.
C. $168,960.
D. $172,336.
A. 104,000 units.
B. 113,600 units.
C. 120,000 units.
D. 154,800 units.
A. $104,000.
B. $128,000.
C. $153,000.
D. $164,883.
cent)
A. $4.76.
B. $5.40.
C. $5.52.
D. $6.40.
calculations)
A. $264,600.
B. $316,000.
C. $342,000.
D. $358,400.
A. $ 59,000.
B. $75,400.
C. $101,400.
D. $152,800.
be?
A. 45,000 units.
B. 46,000 units.
C. 48,000 units.
D. 54,000 units.
would be?
A. 42,600 units.
B. 44,400 units.
C. 46,000 units.
D. 48,000 units.

C. lumber.
processing?
A. 46,300 units.
B. 47,800 units.
C. 49,200 units.
D. 52,800 units.
194. What was the conversion cost per equivalent unit for May? (Round your answers to the nearest whole
cent)
A. $12.81.
B. $14.15.
C. $15.18.
D. $21.86.
A. 46,300 units.
B. 47,800 units.
C. 49,200 units.
D. 49,800 units.
nearest whole cent)
A. $6.00.
B. $6.06.
C. $6.25.
D. $6.45.
A. $911,685.
B. $975,000.
C. $981,755.
D. $1,044,900.
Required:
199. Barker Inc. uses the weighted-average method in its process costing system. The following data concern
the operations of the company's first processing department for a recent month.
Required:
200. Harmon Company uses the weighted-average method in its process costing system. The Curing
Department of Harmon Company reported the following information for the month of November.
Required:

201. Carver Inc. uses the weighted-average method in its process costing system. The following data concern
Required:
follow:
Required:
inventories.
Required:
costs.
month of July:
Required:
average method.
Required:
Required:
05 Key
with respect to the work done in Processing Department Z are transferred from Processing Department Z to
Processing Department Y:
TRUE
Blooms: Remember
Brewer - Chapter 05 #1
Difficulty: Easy
Learning Objective: 05-02 Describe the cost concepts relevant to process costing and the flow of costs through the costing system.
with respect to the work done in the final processing department are transferred to the finished goods
warehouse:
FALSE
Blooms: Remember
Difficulty: Easy
FALSE
Accessibility: Keyboard Navigation

Blooms: Remember
Difficulty: Easy
Learning Objective: 05-03 Understand the concept of equivalent units of production and its computation using the weighted-average method.
4. When assigning costs to partially completed units in the ending work in process inventory, it is not necessary
to consider the percentage completion of the units under the weighted-average method.
FALSE

Blooms: Understand
Difficulty: Medium
5. When computing the cost per equivalent unit, it is not necessary to consider the percentage completion of the
units in beginning inventory under the weighted-average method.
TRUE

Blooms: Understand
Difficulty: Medium
6. The weighted-average method of process costing can only be used if materials are added at the beginning of
the production process.
FALSE

Blooms: Understand
Difficulty: Medium
Learning Objective: 05-01 Understand the distinction between job-order and process costing systems.
TRUE

Blooms: Apply
Difficulty: Medium
TRUE

Blooms: Remember
Difficulty: Easy
TRUE

Blooms: Remember
Difficulty: Easy
FALSE

Blooms: Remember
Difficulty: Easy
TRUE

Blooms: Remember
Difficulty: Easy
TRUE

Blooms: Remember
Difficulty: Easy
FALSE

Blooms: Apply
Difficulty: Medium
TRUE

Blooms: Apply
Difficulty: Medium
TRUE

Blooms: Remember
Difficulty: Easy
TRUE

Blooms: Remember
Difficulty: Easy
produced.
TRUE

Blooms: Understand
Difficulty: Medium
FALSE

Blooms: Understand
Difficulty: Medium
Learning Objective: 05-05 Understand the concept of equivalent units of production and its computation using the first-in-first-out (FIFO) method.
FALSE

Blooms: Understand
Difficulty: Medium
always be the same.
FALSE

Blooms: Understand
Difficulty: Medium
Learning Objective: 05-04 Prepare a production cost report using the weighted-average method to account for the flow of production and the production cost.
FALSE

Blooms: Understand
Difficulty: Medium
Learning Objective: 05-06 Prepare a production cost report using the FIFO method to account for the flow of production and the production cost.
22. If a business wishes to track the costs of completing units in beginning work in process, the first-in-first-out
(FIFO) method should be used.
TRUE

Blooms: Understand
Difficulty: Medium
TRUE

Blooms: Understand
Difficulty: Medium
FALSE

Blooms: Understand
Difficulty: Hard
FALSE

Blooms: Understand
Difficulty: Medium
26. In a processing system where labour costs represent a significant portion of total processing costs, it may be
useful to track the three categories of processing costs separately - materials, labour and manufacturing
overhead costs.
TRUE

Blooms: Understand
Difficulty: Medium
27. Assuming that there was no beginning work in process inventory, and the ending work in process inventory
is 50% complete with respect to conversion costs, the number of equivalent units of production with respect to
conversion costs under the weighted-average method would be?

Blooms: Understand
Difficulty: Hard
B. oil refining.
C. grain milling.

Blooms: Remember
Difficulty: Easy
A. $3,060.
B. $5,520.
C. $6,000.
D. $6,120.
Blooms: Apply
Difficulty: Medium
30. Jimbob Co. uses the weighted-average method in its process costing system. The company adds all required
materials at the beginning of the process in Department A, which is the first of two stages in its production
process. Information concerning operations in the Department A in October follows:

A. 6,000 units.
B. 12,000 units.
C. 44,000 units.
D. 56,000 units.
Blooms: Apply
Difficulty: Hard
decimal places)
A. $4.634.
B. $5.988.
C. $7.547.
D. $7.700.

Blooms: Apply
Difficulty: Medium
month.
places.)
A. $5.575.
B. $6.806.
C. $6.892.
D. $7.090.
Blooms: Apply
Difficulty: Medium
A. 117,500.
B. 123,500.
C. 125,500.
D. 126,500.
Blooms: Apply
Difficulty: Hard

Blooms: Apply
Difficulty: Hard

A. 100,000.
B. 102,000.
C. 111,000.
D. 112,000.
Blooms: Apply
Difficulty: Medium

A. 90,000.
B. 100,000.
C. 112,000.
D. 120,000.
Blooms: Apply
Difficulty: Medium
37. Baker Company uses the weighted-average method in its process costing system. The Assembly Department
started the month with 8,000 units in its beginning work in process inventory that were 90% complete with
respect to conversion costs. An additional 95,000 units were transferred in from the prior department during the
month to begin processing in the Assembly Department. There were 11,000 units in the ending work in process
inventory of the Assembly Department that were 90% complete with respect to conversion costs.
A. 92,000.
B. 94,700.
C. 98,000.
D. 101,900.

Blooms: Apply
Difficulty: Medium
A. 63,900.
B. 67,300.
C. 68,820.
D. 70,520.
Blooms: Apply
Difficulty: Medium
39. Sarver Company uses the weighted-average method in its process costing system. The Fitting Department is
the second department in its production process. The data below summarize the department's operations in
March.
March was $8.24.
A. $482,287.20.
B. $502,640.00.
C. $523,240.00.
D. $561,144.00.
Blooms: Apply
Difficulty: Medium
A. 21,000 units.
B. 23,000 units.
C. 24,500 units.
D. 27,000 units.

Blooms: Apply
Difficulty: Medium
A. 471,000.
B. 473,000.
C. 507,000.
D. 541,000.

Blooms: Apply
Difficulty: Easy
A. $0.43.
B. $0.45.
C. $0.55.
D. $0.59.
Blooms: Apply
Difficulty: Medium
decimal places.)
A. $3.375.
B. $4.176.
C. $4.421.
D. $4.600.

Blooms: Apply
Difficulty: Medium
44. Paxton Company uses the weighted-average method in its process costing system. The Molding Department
January.
January.
A. $4.038.
B. $4.704.
C. $5.080.
D. $5.348.
Blooms: Apply
Difficulty: Medium
45. The Richmond Company uses the weighted-average method in its process costing system. The company has
only a single processing department. The company's ending work in process inventory on August 31 consisted
of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to
materials and 60% complete with respect to labour and overhead. If the cost per equivalent unit for August was
$2.75 for materials and $4.25 for labour and overhead, the total cost assigned to the ending work in process
A. $75,600.
B. $80,100.
C. $95,400.
D. $126,000.

Blooms: Apply
Difficulty: Easy
A. 83,100.
B. 87,100.
C. 89,400.
D. 93,000.

Blooms: Apply
Difficulty: Easy
A. 37,100.
B. 43,100.
C. 44,780.
D. 47,780.
Blooms: Apply
Difficulty: Easy
A. $4.00.
B. $5.00.
C. $8.00.
D. $10.00.

Blooms: Apply
Difficulty: Medium
A. $5.51.
B. $6.30.
C. $6.45.
D. $7.38.
Blooms: Apply
Difficulty: Medium
A. $109,375.
B. $159,375.
C. $178,125.
D. $212,500.

Blooms: Apply
Difficulty: Medium
A. $240,000.
B. $255,000.
C. $270,000.
D. $285,000.

Blooms: Apply
Difficulty: Easy
52. Ogden Company uses the weighted-average method in its process costing system. Information for the month
of January concerning Department A, the first stage of the company's production process, follows:
A. $3,400.
B. $4,400.
C. $6,800.
D. $8,800.
Blooms: Apply
Difficulty: Medium
A. $35,400.
B. $39,600.
C. $45,000.
D. $45,400.

Blooms: Apply
Difficulty: Easy
54. Strap Company uses the weighted-average method in its process costing system. The company has only one
processing department. The ending work in process inventory consists of 10,000 units, 60% complete with
A. 10% complete.
B. 20% complete.
C. 30% complete.
D. 38% complete.

Blooms: Apply
Difficulty: Hard
January was $5.37.
A. $4,081.20.
B. $6,121.80.
C. $10,203.00.
D. $10,310.40
Blooms: Apply
Difficulty: Easy
A sporting goods manufacturer buys wood as a direct material for baseball bats. The Forming Department
processes the baseball bats, and the bats are then transferred to the Finishing Department where a sealant is
applied. There was no beginning work in process inventory in the Forming Department in May. The Forming
Department began manufacturing 10,000 Casey Slugger baseball bats during May. Costs for the Forming
Department for the month of May were as follows:
A total of 8,000 bats were completed and transferred to the Finishing Department during May. The ending work
in process inventory was 100% complete with respect to direct materials and 25% complete with respect to
conversion costs. The company uses the weighted-average method of process costing.
Brewer - Chapter 05
A. $40,000.
B. $42,400.
C. $50,000.
D. $53,000.
Blooms: Apply
Difficulty: Medium
A. $ 2,500.
B. $ 4,000.
C. $ 7,600.
D. $10,000.
Blooms: Apply
Difficulty: Medium
Adam Company uses the weighted-average method in its process costing system. The following information
for the Assembly Department was obtained from the accounting records for September (all materials are added
at the beginning of the process):
Brewer - Chapter 05
58. The "Cost to be accounted for" section of the production report for the month will show a total amount equal
to?
A. $106,000.
B. $429,000.
C. $498,500.
D. $604,500.
Blooms: Apply
Difficulty: Medium
A. 105,000 units.
B. 122,000 units.
C. 145,000 units.
D. 165,000 units.
Blooms: Apply
Difficulty: Medium
Madsen Company uses the weighted-average method in its process costing system. During October, the Mixing
Department transferred out 40,000 units. The October 31 work in process inventory in the Mixing Department
consisted of 4,000 equivalent units of material and 5,000 equivalent units of labour and overhead. The cost per
equivalent unit was $2.50 for materials and $6.25 for labour and overhead.
Brewer - Chapter 05
A. $35,000.
B. $41,250.
C. $43,750.
D. $78,750.

Blooms: Apply
Difficulty: Medium
A. $110,000.
B. $350,000.
C. $391,250.
D. $428,750.

Blooms: Apply
Difficulty: Medium
The activity in Nolan Company's Blending Department for the month of April is given below:
All materials are added at the beginning of processing in the Blending Department.
Brewer - Chapter 05
A. 48,000 units.
B. 50,000 units.
C. 52,000 units.
D. 58,000 units.
Blooms: Apply
Difficulty: Medium
method, are?
A. 47,000 units.
B. 50,000 units.
C. 51,000 units.
D. 55,000 units.
Blooms: Apply
Difficulty: Medium
The following data relate to the Blending Department of Tru-Colour Paint Company for a recent month:
All materials are added prior to the beginning of work in the Blending Department.
Brewer - Chapter 05
A. 45,000 units.
B. 46,000 units.
C. 48,000 units.
D. 54,000 units.
Blooms: Apply
Difficulty: Medium
A. 42,600 units.
B. 44,400 units.
C. 46,000 units.
D. 48,000 units.
Blooms: Apply
Difficulty: Medium
The information below was obtained from the records of the first processing department of Christine
Corporation for the month of July. The company uses the weighted-average method in its process costing
system.
All materials are added at the beginning of the manufacturing process.
Brewer - Chapter 05
A. 70,000 units.
B. 80,000 units.
C. 82,500 units.
D. 90,000 units.
Blooms: Apply
Difficulty: Medium
A. 70,000 units.
B. 80,000 units.
C. 82,500 units.
D. 90,000 units.
Blooms: Apply
Difficulty: Medium
The information below was obtained from the records of the first processing department of Moore Company
for the month of May. The company uses the weighted-average method in its process costing system.
Brewer - Chapter 05
A. 60,000 units.
B. 64,000 units.
C. 69,800 units.
D. 74,000 units.
Blooms: Apply
Difficulty: Medium
A. 60,000 units.
B. 65,800 units.
C. 69,800 units.
D. 73,800 units.
Blooms: Apply
Difficulty: Medium
Information about units processed and processing costs incurred during a recent month in the Blending
Department of a manufacturing company follow:
The beginning work in process inventory included $11,000 of conversion cost and $ 12,000 in material costs.
During the month, the Department incurred an additional $290,000 in conversion costs and $ 143,000 in
material costs. All materials are added at the beginning of production in each department.
Brewer - Chapter 05
A. 114,000 units.
B. 119,100 units.
C. 120,000 units.
D. 131,000 units.
Blooms: Apply
Difficulty: Medium
A. $2.44.
B. $2.50.
C. $2.53.
D. $2.55.
Blooms: Apply
Difficulty: Medium
A. 114,000 units.
B. 119,100 units.
C. 120,000 units.
D. 131,000 units.
Blooms: Apply
Difficulty: Medium
A. $1.09.
B. $1.18.
C. $1.22.
D. $1.25.
Blooms: Apply
Difficulty: Medium
A. $12,903.
B. $20,060.
C. $32,963.
D. $63,070.
Blooms: Apply
Difficulty: Medium
Kimbeth Manufacturing makes Dust Density Sensors (DDS), a safety device for the mining industry. The
company uses a process costing system and has only a single processing department. The following information
pertains to operations for the month of May:
The beginning work in process inventory was 60% complete with respect to materials and 20% complete with
respect to conversion costs. The ending work in process inventory was 90% complete with respect to materials
and 40% complete with respect to conversion costs. The costs were as follows:
Brewer - Chapter 05
A. $5.00.
B. $5.05.
C. $5.37.
D. $6.63.
Blooms: Apply
Difficulty: Medium
A. $5.14.
B. $5.68.
C. $6.00.
D. $6.41.
Blooms: Apply
Difficulty: Medium
A. $156,960.
B. $165,336.
C. $168,960.
D. $172,336.
Blooms: Apply
Difficulty: Medium
A. 104,000 units.
B. 113,600 units.
C. 120,000 units.
D. 154,800 units.
Blooms: Apply
Difficulty: Medium
A. $104,000.
B. $128,000.
C. $153,000.
D. $164,883.
Blooms: Apply
Difficulty: Hard
cent)
A. $4.76.
B. $5.40.
C. $5.52.
D. $6.40.
Blooms: Apply
Difficulty: Medium
Nando Company uses the weighted-average method in its process costing system. Department J is the second
of three sequential processes at the company. During October, Department J collected the following data:
Brewer - Chapter 05
calculations)
A. $264,600.
B. $316,000.
C. $342,000.
D. $358,400.
Blooms: Apply
Difficulty: Hard
A. $ 59,000.
B. $75,400.
C. $101,400.
D. $152,800.
Blooms: Apply
Difficulty: Medium
The following data relate to the Forming Department of Jimbob Co. for a recent month:
All materials are added prior to the beginning of work in the Forming Department.
Brewer - Chapter 05
be?
A. 45,000 units.
B. 46,000 units.
C. 48,000 units.
D. 54,000 units.
Blooms: Apply
Difficulty: Medium
would be?
A. 42,600 units.
B. 44,400 units.
C. 46,000 units.
D. 48,000 units.
Blooms: Apply
Difficulty: Medium


Blooms: Remember
Difficulty: Easy

Blooms: Remember
Difficulty: Easy

Blooms: Apply
Difficulty: Medium
C. lumber.

Blooms: Apply
Difficulty: Easy
processing?

Blooms: Remember
Difficulty: Easy
GK Manufacturing had inventory at May 1 of 5,000 units which were 70% complete as to conversion costs.
The May 1 inventory had total costs of $ 69,900 which included $ 21,500 direct materials, $ 38,775 direct
labour and $ 9,625 factory overhead.
Costs added to work in process in May were as follows:
During May, 49,200 units were completed, including those in inventory on May 1. On May 30, the inventory of
work in process consisted of 5,600 units which were 3/8 completed as to conversion costs. Inventories are
costed by the first-in, first-out method and all materials are added at the beginning of the process.
Brewer - Chapter 05
A. 46,300 units.
B. 47,800 units.
C. 49,200 units.
D. 52,800 units.
Blooms: Apply
Difficulty: Medium
91. What was the conversion cost per equivalent unit for May? (Round your answers to the nearest whole cent)
A. $12.81.
B. $14.15.
C. $15.18.
D. $21.86.
Blooms: Apply
Difficulty: Medium
A. 46,300 units.
B. 47,800 units.
C. 49,200 units.
D. 49,800 units.
Blooms: Apply
Difficulty: Medium
nearest whole cent)
A. $6.00.
B. $6.06.
C. $6.25.
D. $6.45.
Blooms: Apply
Difficulty: Medium
A. $911,685.
B. $975,000.
C. $981,755.
D. $1,044,900.
Blooms: Apply
Difficulty: Hard
Required:
Blooms: Apply
Difficulty: Hard
96. Barker Inc. uses the weighted-average method in its process costing system. The following data concern the
Required:
a. through d. The answers to all of the questions can be found by filling out a production report as follows.
a.
b.
Blooms: Apply
Difficulty: Hard
97. Harmon Company uses the weighted-average method in its process costing system. The Curing Department
of Harmon Company reported the following information for the month of November.
Required:

a.
b.
c.
d.
Blooms: Apply
Difficulty: Medium
98. Carver Inc. uses the weighted-average method in its process costing system. The following data concern the
Required:
Blooms: Apply
Difficulty: Medium
follow:
Required:
inventories.
a. Equivalent units:
b. and c
Blooms: Apply
Difficulty: Medium
Required:
costs.
(a)
b&c
Cost accounted for as follows:
Blooms: Apply
Difficulty: Medium
month of July:
Required:
average method.
Equivalent units:
Blooms: Apply
Difficulty: Easy
Required:
Quantity schedule and equivalent units
Blooms: Apply
Difficulty: Hard
Required:
FIFO method:
Blooms: Apply
Difficulty: Hard
completed with respect to the work done in Processing Department Z are transferred from Processing
Department Z to Processing Department Y:
TRUE
Blooms: Remember
Difficulty: Easy
completed with respect to the work done in the final processing department are transferred to the finished goods
warehouse:
FALSE
Blooms: Remember
Difficulty: Easy
FALSE

Blooms: Remember
Difficulty: Easy
107. When assigning costs to partially completed units in the ending work in process inventory, it is not
necessary to consider the percentage completion of the units under the weighted-average method.
FALSE

Blooms: Understand
Difficulty: Medium
108. When computing the cost per equivalent unit, it is not necessary to consider the percentage completion of
the units in beginning inventory under the weighted-average method.
TRUE

Blooms: Understand
Difficulty: Medium
109. The weighted-average method of process costing can only be used if materials are added at the beginning
of the production process.
FALSE

Blooms: Understand
Difficulty: Medium
TRUE

Blooms: Apply
Difficulty: Medium
TRUE

Blooms: Remember
Difficulty: Easy
TRUE

Blooms: Remember
Difficulty: Easy
FALSE

Blooms: Remember
Difficulty: Easy
TRUE

Blooms: Remember
Difficulty: Easy
TRUE

Blooms: Remember
Difficulty: Easy
FALSE

Blooms: Apply
Difficulty: Medium
TRUE

Blooms: Apply
Difficulty: Medium
TRUE

Blooms: Remember
Difficulty: Easy
TRUE

Blooms: Remember
Difficulty: Easy
produced.
TRUE

Blooms: Understand
Difficulty: Medium
FALSE

Blooms: Understand
Difficulty: Medium
FALSE

Blooms: Understand
Difficulty: Medium
always be the same.
FALSE

Blooms: Understand
Difficulty: Medium
FALSE

Blooms: Understand
Difficulty: Medium
125. If a business wishes to track the costs of completing units in beginning work in process, the first-in-first-
out (FIFO) method should be used.
TRUE

Blooms: Understand
Difficulty: Medium
TRUE

Blooms: Understand
Difficulty: Medium
FALSE

Blooms: Understand
Difficulty: Hard
FALSE

Blooms: Understand
Difficulty: Medium
129. In a processing system where labour costs represent a significant portion of total processing costs, it may
be useful to track the three categories of processing costs separately - materials, labour and manufacturing
overhead costs.
TRUE

Blooms: Understand
Difficulty: Medium
130. Assuming that there was no beginning work in process inventory, and the ending work in process
inventory is 50% complete with respect to conversion costs, the number of equivalent units of production with
respect to conversion costs under the weighted-average method would be?

Blooms: Understand
Difficulty: Hard
B. oil refining.
C. grain milling.

Blooms: Remember
Difficulty: Easy
A. $3,060.
B. $5,520.
C. $6,000.
D. $6,120.
Blooms: Apply
Difficulty: Medium
133. Jimbob Co. uses the weighted-average method in its process costing system. The company adds all
required materials at the beginning of the process in Department A, which is the first of two stages in its
production process. Information concerning operations in the Department A in October follows:

A. 6,000 units.
B. 12,000 units.
C. 44,000 units.
D. 56,000 units.
Blooms: Apply
Difficulty: Hard
decimal places)
A. $4.634.
B. $5.988.
C. $7.547.
D. $7.700.

Blooms: Apply
Difficulty: Medium
month.
places.)
A. $5.575.
B. $6.806.
C. $6.892.
D. $7.090.
Blooms: Apply
Difficulty: Medium
A. 117,500.
B. 123,500.
C. 125,500.
D. 126,500.
Blooms: Apply
Difficulty: Hard

Blooms: Apply
Difficulty: Hard

A. 100,000.
B. 102,000.
C. 111,000.
D. 112,000.
Blooms: Apply
Difficulty: Medium

A. 90,000.
B. 100,000.
C. 112,000.
D. 120,000.
Blooms: Apply
Difficulty: Medium
140. Baker Company uses the weighted-average method in its process costing system. The Assembly
department during the month to begin processing in the Assembly Department. There were 11,000 units in the
ending work in process inventory of the Assembly Department that were 90% complete with respect to
conversion costs.
A. 92,000.
B. 94,700.
C. 98,000.
D. 101,900.

Blooms: Apply
Difficulty: Medium
A. 63,900.
B. 67,300.
C. 68,820.
D. 70,520.
Blooms: Apply
Difficulty: Medium
142. Sarver Company uses the weighted-average method in its process costing system. The Fitting Department
March.
March was $8.24.
A. $482,287.20.
B. $502,640.00.
C. $523,240.00.
D. $561,144.00.
Blooms: Apply
Difficulty: Medium
A. 21,000 units.
B. 23,000 units.
C. 24,500 units.
D. 27,000 units.

Blooms: Apply
Difficulty: Medium
A. 471,000.
B. 473,000.
C. 507,000.
D. 541,000.

Blooms: Apply
Difficulty: Easy
A. $0.43.
B. $0.45.
C. $0.55.
D. $0.59.
Blooms: Apply
Difficulty: Medium
decimal places.)
A. $3.375.
B. $4.176.
C. $4.421.
D. $4.600.

Blooms: Apply
Difficulty: Medium
147. Paxton Company uses the weighted-average method in its process costing system. The Molding
January.
A. $4.038.
B. $4.704.
C. $5.080.
D. $5.348.
Blooms: Apply
Difficulty: Medium
148. The Richmond Company uses the weighted-average method in its process costing system. The company
has only a single processing department. The company's ending work in process inventory on August 31
consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect
to materials and 60% complete with respect to labour and overhead. If the cost per equivalent unit for August
was $2.75 for materials and $4.25 for labour and overhead, the total cost assigned to the ending work in process
A. $75,600.
B. $80,100.
C. $95,400.
D. $126,000.

Blooms: Apply
Difficulty: Easy
A. 83,100.
B. 87,100.
C. 89,400.
D. 93,000.

Blooms: Apply
Difficulty: Easy
A. 37,100.
B. 43,100.
C. 44,780.
D. 47,780.
Blooms: Apply
Difficulty: Easy
A. $4.00.
B. $5.00.
C. $8.00.
D. $10.00.

Blooms: Apply
Difficulty: Medium
A. $5.51.
B. $6.30.
C. $6.45.
D. $7.38.
Blooms: Apply
Difficulty: Medium
A. $109,375.
B. $159,375.
C. $178,125.
D. $212,500.

Blooms: Apply
Difficulty: Medium
A. $240,000.
B. $255,000.
C. $270,000.
D. $285,000.

Blooms: Apply
Difficulty: Easy
155. Ogden Company uses the weighted-average method in its process costing system. Information for the
month of January concerning Department A, the first stage of the company's production process, follows:
A. $3,400.
B. $4,400.
C. $6,800.
D. $8,800.
Blooms: Apply
Difficulty: Medium
A. $35,400.
B. $39,600.
C. $45,000.
D. $45,400.

Blooms: Apply
Difficulty: Easy
157. Strap Company uses the weighted-average method in its process costing system. The company has only
one processing department. The ending work in process inventory consists of 10,000 units, 60% complete with
A. 10% complete.
B. 20% complete.
C. 30% complete.
D. 38% complete.

Blooms: Apply
Difficulty: Hard
January was $5.37.
A. $4,081.20.
B. $6,121.80.
C. $10,203.00.
D. $10,310.40
Blooms: Apply
Difficulty: Easy
A. $40,000.
B. $42,400.
C. $50,000.
D. $53,000.
Blooms: Apply
Difficulty: Medium
A. $ 2,500.
B. $ 4,000.
C. $ 7,600.
D. $10,000.
Blooms: Apply
Difficulty: Medium
161. The "Cost to be accounted for" section of the production report for the month will show a total amount
equal to?
A. $106,000.
B. $429,000.
C. $498,500.
D. $604,500.
Blooms: Apply
Difficulty: Medium
A. 105,000 units.
B. 122,000 units.
C. 145,000 units.
D. 165,000 units.
Blooms: Apply
Difficulty: Medium
A. $35,000.
B. $41,250.
C. $43,750.
D. $78,750.

Blooms: Apply
Difficulty: Medium
A. $110,000.
B. $350,000.
C. $391,250.
D. $428,750.

Blooms: Apply
Difficulty: Medium
A. 48,000 units.
B. 50,000 units.
C. 52,000 units.
D. 58,000 units.
Blooms: Apply
Difficulty: Medium
method, are?
A. 47,000 units.
B. 50,000 units.
C. 51,000 units.
D. 55,000 units.
Blooms: Apply
Difficulty: Medium
A. 45,000 units.
B. 46,000 units.
C. 48,000 units.
D. 54,000 units.
Blooms: Apply
Difficulty: Medium
A. 42,600 units.
B. 44,400 units.
C. 46,000 units.
D. 48,000 units.
Blooms: Apply
Difficulty: Medium
A. 70,000 units.
B. 80,000 units.
C. 82,500 units.
D. 90,000 units.
Blooms: Apply
Difficulty: Medium
A. 70,000 units.
B. 80,000 units.
C. 82,500 units.
D. 90,000 units.
Blooms: Apply
Difficulty: Medium
A. 60,000 units.
B. 64,000 units.
C. 69,800 units.
D. 74,000 units.
Blooms: Apply
Difficulty: Medium
A. 60,000 units.
B. 65,800 units.
C. 69,800 units.
D. 73,800 units.
Blooms: Apply
Difficulty: Medium
A. 114,000 units.
B. 119,100 units.
C. 120,000 units.
D. 131,000 units.
Blooms: Apply
Difficulty: Medium
A. $2.44.
B. $2.50.
C. $2.53.
D. $2.55.
Blooms: Apply
Difficulty: Medium
A. 114,000 units.
B. 119,100 units.
C. 120,000 units.
D. 131,000 units.
Blooms: Apply
Difficulty: Medium
A. $1.09.
B. $1.18.
C. $1.22.
D. $1.25.
Blooms: Apply
Difficulty: Medium
A. $12,903.
B. $20,060.
C. $32,963.
D. $63,070.
Blooms: Apply
Difficulty: Medium
A. $5.00.
B. $5.05.
C. $5.37.
D. $6.63.
Blooms: Apply
Difficulty: Medium
A. $5.14.
B. $5.68.
C. $6.00.
D. $6.41.
Blooms: Apply
Difficulty: Medium
A. $156,960.
B. $165,336.
C. $168,960.
D. $172,336.
Blooms: Apply
Difficulty: Medium
A. 104,000 units.
B. 113,600 units.
C. 120,000 units.
D. 154,800 units.
Blooms: Apply
Difficulty: Medium
A. $104,000.
B. $128,000.
C. $153,000.
D. $164,883.
Blooms: Apply
Difficulty: Hard
cent)
A. $4.76.
B. $5.40.
C. $5.52.
D. $6.40.
Blooms: Apply
Difficulty: Medium
calculations)
A. $264,600.
B. $316,000.
C. $342,000.
D. $358,400.
Blooms: Apply
Difficulty: Hard
A. $ 59,000.
B. $75,400.
C. $101,400.
D. $152,800.
Blooms: Apply
Difficulty: Medium
be?
A. 45,000 units.
B. 46,000 units.
C. 48,000 units.
D. 54,000 units.
Blooms: Apply
Difficulty: Medium
would be?
A. 42,600 units.
B. 44,400 units.
C. 46,000 units.
D. 48,000 units.
Blooms: Apply
Difficulty: Medium

Blooms: Remember
Difficulty: Easy

Blooms: Remember
Difficulty: Easy

Blooms: Apply
Difficulty: Medium
C. lumber.

Blooms: Apply
Difficulty: Easy
processing?

Blooms: Remember
Difficulty: Easy
A. 46,300 units.
B. 47,800 units.
C. 49,200 units.
D. 52,800 units.
Blooms: Apply
Difficulty: Medium
194. What was the conversion cost per equivalent unit for May? (Round your answers to the nearest whole
cent)
A. $12.81.
B. $14.15.
C. $15.18.
D. $21.86.
Blooms: Apply
Difficulty: Medium
A. 46,300 units.
B. 47,800 units.
C. 49,200 units.
D. 49,800 units.
Blooms: Apply
Difficulty: Medium
nearest whole cent)
A. $6.00.
B. $6.06.
C. $6.25.
D. $6.45.
Blooms: Apply
Difficulty: Medium
A. $911,685.
B. $975,000.
C. $981,755.
D. $1,044,900.
Blooms: Apply
Difficulty: Hard
Required:
Blooms: Apply
Difficulty: Hard
199. Barker Inc. uses the weighted-average method in its process costing system. The following data concern
Required:
a. through d. The answers to all of the questions can be found by filling out a production report as follows.
a.
b.
Blooms: Apply
Difficulty: Hard
200. Harmon Company uses the weighted-average method in its process costing system. The Curing
Department of Harmon Company reported the following information for the month of November.
Required:

a.
b.
c.
d.
Blooms: Apply
Difficulty: Medium
201. Carver Inc. uses the weighted-average method in its process costing system. The following data concern
Required:
Blooms: Apply
Difficulty: Medium
follow:
Required:
inventories.
a. Equivalent units:
b. and c
Blooms: Apply
Difficulty: Medium
Required:
costs.
(a)
b&c
Cost accounted for as follows:
Blooms: Apply
Difficulty: Medium
month of July:
Required:
average method.
Equivalent units:
Blooms: Apply
Difficulty: Easy
Required:
Quantity schedule and equivalent units
Blooms: Apply
Difficulty: Hard
Required:
FIFO method:
Blooms: Apply
Difficulty: Hard
05 Summary
Category # of Questio
ns
Accessibility: Keyboard Navigation 92
Blooms: Apply 75
Blooms: Apply 75
Blooms: Remember 14
Blooms: Remember 14
Blooms: Understand 14
Blooms: Understand 14
Brewer - Chapter 05 218
Difficulty: Easy 46
Difficulty: Hard 26
Difficulty: Medium 134
Learning Objective: 05-01 Understand the distinction between job-order and process costing systems. 20
Learning Objective: 05-02 Describe the cost concepts relevant to process costing and the flow of costs through the costing system. 20
Learning Objective: 05-03 Understand the concept of equivalent units of production and its computation using the weighted- 114
average method.
Learning Objective: 05-04 Prepare a production cost report using the weighted- 78
average method to account for the flow of production and the production cost.
Learning Objective: 05-05 Understand the concept of equivalent units of production and its computation using the first-in-first- 26
out (FIFO) method.
Learning Objective: 05- 20
06 Prepare a production cost report using the FIFO method to account for the flow of production and the production cost.

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What were the equivalent units of production in Department A in October?

The equivalent units of production for conversion costs were?

The equivalent units of production for materials costs were?

All materials are added at the beginning of the manufacturing process.

All materials are added at the beginning of the process.

All materials are added at the beginning of the process.

85. In a process cost system, transferred-in costs represent?

Using the weighted-average method:

All materials are added at the beginning of the process.

a. The equivalent units of production for materials.

What were the equivalent units of production in Department A in October?

The equivalent units of production for conversion costs were?

The equivalent units of production for materials costs were?

188. In a process cost system, transferred-in costs represent?

Using the weighted-average method:

All materials are added at the beginning of the process.

a. The equivalent units of production for materials.

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

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Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

What were the equivalent units of production in Department A in October?

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

The equivalent units of production for conversion costs were?

The equivalent units of production for materials costs were?

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

Accessibility: Keyboard Navigation

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Accessibility: Keyboard Navigation