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81) The following information provided by Adametz Company: WIP Inventory, January

Question : 81) The following information provided by Adametz Company: WIP Inventory, January : 1876975

81) 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.

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

A) 3,750

B) 3,300

C) 5,400

D) 2,100

82) The following information is provided by Bynes Company:

WIP Inventory, January 1

0 units

Units started

23,000

Units completed and transferred out

20,000

WIP Inventory, December 31

3,000

Direct materials

$22,400

Direct labor

$16,500

Manufacturing Overhead

$27,200

The units in ending WIP Inventory were 85% complete for materials and 25% complete for conversion costs.

Required:

a.What are the total equivalent units for direct materials?

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

83) There are a total of 14,000 students at a school. Eighty percent of them go full time at 16 hours per term. Ten percent take a half-load of 8 hours per term, and ten percent take a three-quarter load of 12 hours per term. What is the equivalent number of full-time students?

A) 11,200

B) 14,000

C) 12,950

D) 1,750

84) The following information is provided by Mel Company:

WIP Inventory, January 1

0 units

Units started

23,000 units

Units completed and transferred out

18,000 units

WIP Inventory, December 31

5,000 units

Direct materials

$22,400

Direct labor

$16,500

Manufacturing Overhead

$27,200

The units in ending WIP Inventory were 90% complete for materials and 25% complete for conversion costs.

Required:

a. What are the total equivalent units for direct materials?

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

85) In process costing, units that are partially completed are accounted for the same as units in Finished Goods Inventory.

Solution
5 (1 Ratings )

Solved
Accounting 4 Months Ago 16 Views
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