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71) Color Wheel has 3,500 gallons of paint in WIP

Question : 71) Color Wheel has 3,500 gallons of paint in WIP : 1876974

71) Color Wheel has 3,500 gallons of paint in WIP Inventory, with 75% of materials already added. The paint is 60% through the process. Assuming all conversion costs are added evenly throughout the process, what are the equivalent units for conversion costs?

A) 0

B) 525

C) 2,100

D) 2,625

72) Yummy Tummy Desserts has 3,200 quarts of ice cream in WIP Inventory, with all materials already added. What are equivalent units in ending WIP Inventory for materials if the ice cream is 75% through the process?

A) 3,200

B) 2,400

C) 800

D) 0

73) Yummy Tummy Desserts has 3,200 quarts of ice cream in WIP Inventory, with all materials already added. The ice cream is 75% through the process. Assuming all conversion costs are added evenly throughout the process, what are the equivalent units for conversion costs?

A) 0

B) 3,200

C) 2,400

D) 800

74) The following information is provided by Alexandria Corporation:

WIP Inventory, January 1

0 units

Units started

14,000

Units completed and transferred out

9,000

WIP Inventory, December 31

5,000

Direct materials

$28,200

Direct labor

$18,000

Manufacturing Overhead

$7,500

The units in ending WIP Inventory were 75% complete for materials and 50% complete for conversion costs.

What are the total equivalent units for direct materials?

A) 12,750

B) 3,750

C) 5,000

D) 14,000

75) The following information is provided by Alexandria Corporation:

WIP Inventory, January 1

0 units

Units started

14,000

Units completed and transferred out

9,000

WIP Inventory, December 31

5,000

Direct materials

$28,200

Direct labor

$18,000

Manufacturing Overhead

$7,500

The units in ending WIP Inventory were 75% complete for materials and 50% complete for conversion costs.

At the end of the year, what are the equivalent units for conversion costs?

A) 7,000

B) 9,000

C) 2,500

D) 11,500

76) The following information is provided by Zander Corporation:

WIP Inventory, January 1

0 units

Units started

14,000

Units completed and transferred out

9,000

WIP Inventory, December 31

5,000

Direct materials

$28,200

Direct labor

$18,000

Manufacturing Overhead

$7,500

The units in ending WIP Inventory were 80% complete for materials and 45% complete for conversion costs.

What are the total equivalent units for direct materials?

A) 14,000

B) 5,000

C) 4,000

D) 13,000

77) The following information is provided by Zander Corporation:

WIP Inventory, January 1

0 units

Units started

14,000

Units completed and transferred out

9,000

WIP Inventory, December 31

5,000

Direct materials

$28,200

Direct labor

$18,000

Manufacturing Overhead

$7,500

The units in ending WIP Inventory were 80% complete for materials and 45% complete for conversion costs.

At the end of the year, what are the equivalent units for conversion costs?

A) 11,250

B) 6,300

C) 2,250

D) 9,000

78) The following information is provided by Arrow Company:

WIP Inventory, January 1

0 units

Units started

7,000

Units completed and transferred out

4,000

WIP Inventory, December 31

3,000

Direct materials

$15,500

Direct labor

$18,400

Manufacturing Overhead

$9,000

The units in ending WIP Inventory were 80% complete for materials and 40% complete for conversion costs.

What are the total equivalent units for direct materials?

A) 2,400

B) 6,400

C) 3,000

D) 7,000

79) The following information is provided by Arrow Company:

WIP Inventory, January 1

0 units

Units started

7,000

Units completed and transferred out

4,000

WIP Inventory, December 31

3,000

Direct materials

$15,500

Direct labor

$18,400

Manufacturing Overhead

$9,000

The units in ending WIP Inventory were 80% complete for materials and 40% complete for conversion costs.

At the end of the year, what are the equivalent units for conversion costs?

A) 5,200

B) 1,200

C) 4,000

D) 2,800

80) The following information is provided by Adametz Company:

WIP Inventory, January 1

0 units

Units started

7,500

Units completed and transferred out

3,300

WIP Inventory, December 31

4,200

Direct materials

$15,500

Direct labor

$18,400

Manufacturing Overhead

$9,000

The units in ending WIP Inventory were 90% complete for materials and 50% complete for conversion costs.

What are the total equivalent units for direct materials?

A) 7,080

B) 3,780

C) 4,200

D) 7,500

Solution
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Accounting 9 Months Ago 34 Views
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